Rio Grande Herald (Rio Grande City, Tex.), Vol. 31, Ed. 1 Thursday, June 14, 1973 Page: 18 of 24
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THURSDAY, JUNE 14, 19'. 3 THE RIO GRANDE HERALD PAGE 18
CONGRESSMAN
KIKA de la GARZA
Reports
WASHINGTON, D.C. — The
Federal tax system as it now
stands places a severe bur-
den on small business enter-
prises, which as we know in
South Texas are the backbone
of our economy. Generally
speaking, big business payo a
lower rate of taxes than small
business.
Obviously, this is not a healthy
situation. Unless it is changed,
we face the possibility that ma-
ny small concerns eventually
will be forced out of business
and many potential new enter-
prises will never come to life.
With these considerations in
mind, I have introduced in the
House a bill to provide income
tax simplification, reform, and
relief for small business. Its
principal provisions, briefly
stated, are as follows:
Establishing permanent gov-
ernment and small business
advisory machinery for simpli-
fying tax laws and tax forms.
Setting lower rates for smal-
ler business, and particularly
for new small business firms;
Promoting the growth of new
and small firms by liberalizing
first-year depreciation and in-
creasing permissible accum-
ulation of earnings;
Easing the raising of capital
by providing more equitable
treatment for possible losses
through loans or stock purcha-
ses, and allowing tax benefits
for the floating of securities
issues;
Encouraging the continued in-
dependence of family firms by
making it easier to pay estate
taxes based on business inter-
ests over a 10-year period.
I don't claim that my pro-
posal could cure all the prob-
lems of small business. But it
would make a strong start to-
ward lightening the dispropor-
tionate burden placed on these
concerns by the present tax
system. It provides a basic
framework for building toward
tax reform that would effect
nearly 12 million small busi-
ness owners, their families,
and their employees.
We need to make that start
and provide that framework,
and I will work for favorable
consideration of my bill by
Congress.
♦ * *
FIGHTING FUEL SHORTAGE
— It seems odd — and espe-
cially odd in Texas — to hear
and read about a potential and,
in some areas, an actual short-
age of gasoline and other fuels.
But the shortages are more
than scare talk.
Already, some of the big
gasoline marketing companies
have taken steps designed to
assure orderly and equit-
able distribution of available
supplies to their distributors
and their customers. They
are even running advertise-
ments urging conservation of
gasoline. I am told that if the
public can be convinced of the
need to reduce fuel consump-
tion by 10 per cent, adequate
supplies should be available
for all needs — pleasure and
business or commercial—dur-
ing the peak summer driving
season.
It's a national problem —
but, all of us hope, of short-
range duration. Meanwhile,
general cooperation to con-
serve fuel is needed to hold the
problem with.fn bounds.
* * *
FARM PRICE SUPPORTS —
As South Texas agricultural
producers know, there are many
misconceptions about the na-
ture and purpose of farm price
supports for certain major
commodities. The so-called
subsidies are not simply hand-
outs. The complex law author-
izing them have two basic pur-
poses: (1) to protect the fam-
ily farmer and (2) to assure a
steady supply of food at a rea-
sonable cost to the consumer.
Statistics show that one third
of the 3.1 million farms in the
U.S. are very small, with sales
of less than $1,500 a year. Fif-
ty-six per cent of the total have
sales below $5,000 and 72 per
cent have sales of less than
$10,000. Many of the owners of
these farms must have the as-
sistance provided by price sup-
ports if they are to keep on
farming. The alternative is
for agriculture — like the man-
ufacture of automobiles — to
be consolidated into the hands
of big business.
Americans must have a steady
supply of food despite the na-
tural unsteadiness resulting
from long growing periods,
quick harvests and uncertain
weather. By making payments
to farmers who leave some
land idle, the government can
exert an influence for produc-
tion stability.
These facts have led Congress
for many years to enact laws
designed to provide for a bal-
anced farm economy — import-
ant to all the population, urban,
small town and rural.
* * *
A NOTE IN PASSING — The
executive office of the Presi-
dent has something over four
times as many employees as it
had just 20 years ago. The
figures given me show 4,716
employees as of January 1 of
this year compared to 1,157 on
January 1, 1953. Another
growth industry!
* * *
GRADUATION — Along with
thousands of parents from the
15th District we too had a gra-
duate. Jorge finished at O'Con-
nell High School in Arling-
ton, Virginia. Just like all
the rest, our house was burst-
ing at the seams with all the
relatives who came for the oc-
casion. We are proud of Jorge
and all the graduates from
our area.
* « *
VISITORS FROM HOME: Vi-
siting my office from home
this week were: Mr. Lee Harr
of Harlingen; Mr. Margarita
(Mayo) J. Pena of Temple for-
merly of Roma; Mr. Stanley
Piotrowicz of Brownsville; and
Mr. and Mrs. Bill Sellers and
their daughters of McAllen.
Among our family here to attend
Jorge's graduation are his
grandparents, Mr. and Mrs.
Dario de la Garza of Mis-
sion & Mrs. Joe V. Alamia of
Edinburg; his aunt & uncle
Dr. & Mrs. A.L. Gorena of
Oklahoma City & his cousins
Frances Garza & Rene de la
Garza of Edinburg; & Lucy,
Alice, Sam & Amy Gorena of
Oklahoma City.
BOTANICAL C.ARDKN
HAS BIG AKBOBETCM
NKW YOKK - Tilt-
New York Botanical Garden
has been granted title to an 1.-
800-aere tract of land in Mil-
lbrook, N.Y.. on which it has
been developing the Gary Ar-
boretum.
Dr. Howard S. Irwin said it
would allow the gi'fdi'n "to in-
crease dramatically our ecolo-
gical commitment to mankind
near and far."
A "test period" use of the
property was authorized in 1071
by the trustees of the trust es-
tablished b\ the late Mary
Flager Gary
Guilty finding
made by jury
on bail jumper
BROWNSVILLE — A jury
returned a guilty verdict for an
accused bail jumper Monday
after hearing evidence in U.S.
District Court here with Judge
Ben C. Connally presiding.
Samuel Franklin Vale, 28, of
Rio Grande City, was found
guilty also of failure to appear
for trial while under indictment
for possession of about 1,300
pounds of marijuana. Four
other men, under the same
indictment, appeared for trial
in 1970.
The charges resulted from a
1970 marijuana seizure in Starr
County. Since that time, the
other four men involved have
received prison terms in con-
nection with the case.
Vale, deported from Mexico
April 28 as a fugitive, has been
in the custody of FBI agents.
A pre-sentence investigation
was ordered by Judge Connally
after Vale's conviction.
After a short jury delibera-
tion according to a spokes-
man from the U.S. Attorney's
office, Vale was remanded to
Cameron County jail without
bond.
Vale's sentencing is sche-
duled for July 16 in U.S. Dis-
trict Court.
Howard Schnellenberger,
new coach of the Baltimore
Golts, won't have a shot at his
former Miami club until the
second half of the season. His
Colts appear in the Orange Bowl
Nov. 11, and the Dolphins return
the compliment in Baltimore
Dec. 9.
LONDON — Britain had
5,.175.000 foreign visitors in 1972,
excluding citizens of the British
Commonwealth and visitors
from the Irish Republic.
A report from the Depart-
ment of Trade and Industry
and the British Tourist Author-
ity said this was an increase of
about 8 per cent over 1971. The
number of visitors from the
United States, at 1.6 million,
showed an increase of 4 per
writ over 1971.
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Trejo, Raul. Rio Grande Herald (Rio Grande City, Tex.), Vol. 31, Ed. 1 Thursday, June 14, 1973, newspaper, June 14, 1973; Rio Grande City, Texas. (https://texashistory.unt.edu/ark:/67531/metapth194411/m1/18/: accessed April 19, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu; crediting Rio Grande City Public Library.