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Hughes For ‘Flat Tax’ Plan

WASHINGTON. D *C. - Congressman Bill Hughes (D-NJ) has announced his support for replacing the present tax code with a modified "flat lax" plan that would treat most taxpayers equally. "Our current federal tax structure. while theoretically based on each individual's ability to pay. has become so riddled with loopholes and special interest provisions that few if any Americans regard it as truly fair," Hughes said. AS AN EXAMPLE. Hughes cited the tax benefits recently claimed by Attorney General William French Smith wh^h would have allowed him to write off $66,000 from income based on an actual investment of just $16,000. "There is no question that, if we are to restore credibility to our tax system a massive restructuring and simplification is in order so that all businesses and individuals pay nothing more or less than their fair share," Hughes said. HUGHES SAID he supports the basic concepts underlying a measure now being drafted by Sen. Bill Bradley (D-NJ) and Rep. Richard Gephardt <D-Mo) that would result in between 70 and 80 percent of Americans being taxed at a rate of no more than 14 percent. The plan would do away with most special interest provisions, but would preserve individual deductions for property

taxes, home mortgage interest. charitable giving, and medical expenses. "Pure flat tax proposals, which tax the entire in come of all individuals at the identical rate, have the obvious appeal of treating all taxpayers equally, and eliminating loophones that rarely benefit the average taxpayer,” Hughes said. “At the same time, the flat tax does away with the problem of bracket creep, the ‘marriage tax,’ and high marginal rates •UNFORTUNATELY, a pure flat tax does not recognize the rca.l problems that families or individuals may face from time to time, such as unexpectedly high medical expenses. rising property taxes, or the desire to purchase a home of their own," Hughes continued. "The flat tax also creates the likelihood that the average taxpayer will see his taxes increase, while the wealthiest will see dramatic tax reductions." Hughes said that th<? Bradley-Gephardt plan would combine the best features of the existing progressive tax structure with the simplicity of the flat tax. UNDER TlfAT, plan, single taxpayers earning below $25,000, and couples earning less than $40,000, wold pay a flat tax of 14 peicent on their incomes. Individuals or couples earning in excess of those amounts would be subject to tax surcharge of between 6 and \i percent, but

no individual would be taxed at a rate greater than 28 percent. (Currently, the highest tax rate is 50 per cent). Other features of the plan * include increasing the zero bracket amount on a joint return from $3,400 to $4,600, and increasing the tax payer exemption from $2,000 to $3,000 for joint returns. SPECIFIC ALLY, retained arc deductions ~for employee business expenses, contributions to ffliarity, interest paid on home mortgages, and State and local income and real property taxes. No taxes would be imposed on Social Security or Veterans' benefits, and the medical expense deduction would be retained for expenses in excess of 10 percent of adjusted gross income. "This type of tax reform is long overdue." Hughes said, "and I look forward to working in the Congress for its adoption."

Air Force Grad Air National Guard Airman 1st Class Jill M. Moore, daughter of Narice A. Moore of New Egypt and Walter B. Moore of Ocean City, has graduated from the U.S. Air Force communications course at Sheppard Air Force Base, Texas. Moore will now serve at McGuire Air Force Base with the 170th Communications Flight.

FIRST CALL FOR^HELP 729-2255

H I sent a check to Company X for a rriling fan The check was cashed hut I never received the fan I have received two letters promising the fan hut still no fan I've tried calltnR them hut I always Ket a busy siKnal What should I do now I <\. You should contact Mark Itlederlrh at Cope May County Con sumrr Affair*. 465 TUI. ext m U. Our monthly income is limited and I know (here is a lot I could learn about stretching the money we do have to go further Especially in areas of buying food economically Is there any program to help me) A. Yes, the Cooperative Extension Service 1465-51751 has a Money Management study course that could help you in stretching your dollar They also have information that can show you how to food shop more economically Q. Is there one number I can call in Cape May County that would get to all the information I would need about Social Service or general in formation in the county I A. First Cali For Help is a clearing house for most information in the county If you are looking for general informalin - for example, the head of the Metropolitan Opera or the chairman of the Board of General Motors or many other associated general questions they should he directed to the reference desk of the Cape May County Library. 465 7111 If you hates question for the First ( all for Help column write to flat Id G. Fothr rglll Uulnlsn, First Call For Help. P.O. Box 712. Social Service Bldg.. Kin (.ramie. N.J. M742.

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