Ottawa County news. (Port Clinton, Ohio) 1931-1956, 1955-03-18
STEVE J. NovAK, PRES.
LOCAL 497, uAW-ClO


all Convention delegates of Re
gions 2, IA and 2B of our Inter
national Union. Main speaker was
John w. Livingston Vice-Presi
dent, UAW-CIO who outlined the
issues that are due to arise at our
18th Constitutional Convention.
During the discussion delegates
had many questions and each was
answered by Mr.. Livingston and
the regional directors. It was an.
nounced that as o fthe March 13
date 1857 accredited delegates will
be present at the Convention.
New Zealand's Labor Party
paper, the Standard" gleefully
relates the story of a rowing wolf
who accosted young typist on a
railroad platform. How do you
do" the wolf said hopefully. In
return he got nothing but cold
stare. I'm sorry, he said hastily,
Il thought you were my Mother" :"
The girl eyed him freezingly for
moment and replied, 81 couldn't
be. I'm married"
The Conservative magazine, The
US. News and Report, while hand
ing out advice to businessmen, dig
up some little known facts occa-
sionally.
Here's an example: In the latest
issue the magazine tells executives
how to GET RICH QUICK thru
a tax loophole.
An executive may obtain an OPP
tion to buy stocks in his company
below market price. No tax is
due until he sells at a profit. Even
then his profits will be taxed at
only 25 per cent.
Through change in our tax
law, Congress has given official
sanction to restricted stock-op-
tion plans" Its a tax loophole
that has brought on a rash of OPP
tion plans throughout the country
The magazine admits MILLION
AIRES are being made this way
without taking any risks in the
process.
Speaking of taxes, in an earlier
issue this same us. News and Re-
port magazine discusses the new
tax fight. 1t states that the real
question is not getting headlines
Actually, it is not the question of
tax relief, but of WHO WILL GET
THE TAX RELIEF.
So the cat is out of the bag
There will be tax reductions next
year, the President has said so
and everyone expects it. But who
will ge the next tax relief? That's
the real issue.
Thanks to the action of some of
our good Democrats and good Re-
publicans who jumped the gun on
the Administrator and introduced
tax relief bills-for people who
need the relief-the battle is on
year earlier. AS result we hear
Administrator cries of Initiation"
balance the budget" and poll
tics"
From our. observation it seems
the Administrative plans to use tax
relief as another election payoff.
They wish to repeat the fraud of
1954-when three and a half bill
lions in tax relief were voted,
with almost all of it going to Cor
porations and the weather. fami-
lies.
We like what Speaker Sam Ray
burn said on the $40 tax reduc
ton, ''this tax reduction WAS DE-
SIGNED TO REACH THE LOW
INCOME FAMILIES BECAUSE
THEY ARE THE PEOPLE WHO
PUT THE SAVING BACK INTO
CIRCULATION"
Some folks are poor, but parents
of college students get that way
by degrees.
One suggestion is Congress of
American Labor" as the name for
the proposed joint AFL-CIO union.
Bob Gakn reports:
Gwen Boiling has entered Good
Samaritan Hospital in Sandusky
for surgery.
It was good to see Margaret
Gaydos back with us once again
after a sick spell.
Our sympathy is extended to the
family of Mrs. Jay Owens. She
passed away on Thursday, March
10.
Maude Wehner, Local 497 mem
Der who had been on sick leave
for a couple of years, passed away
at her home on Thursday, March
10. Sister Wehner had been an
employee for over ten years.
Mrs. Floyd Finken wishes to
thank everyone who contributed
to the collection that was given in
the plant. The fund was greatly
appreciated. Brother Finken faces
several more weeks of hospital