European Stars And Stripes (Newspaper) - July 15, 1977, Darmstadt, Hesse                                Page 12 the stars and stripes George Ted Kennedy steals March on president Hulk silent Carter s references 16 the tax system Are  dwelling upon the systems fallen stale and promising Bui sen Hdward Kennedy has stolen the March on Carter tax plan int is in tended As Model and does indicate the shape or coming Kennedy would reduce the current 14 to 70 per cent lax Rales to 10 to 50 per cent jut the government would lose no Rove nuts inti Mac reduction is designed to re Cycle revenues raised by the elimination in same exemptions and Kenne targets include elements in the system int impair the Progri Shivlly of the income lie Sites that various personal Deduc such As mortgage prop erty taxes and the 1750 personal exemption and exemption for children should to  la lax a saves fur a person in today top Only s Iso for a person in the lot so tax Ert kills rive the same Dollar value of Relief to All the value is i function or the individual let forc Jim i advised that Riherd Tatj mortem1 inure so says the Shii Uhl apply Only to Ris Donees d Afler july to avoid the Dis Rupli Nii of a Filkil How ownership or  fur those was Haw noted in Reliance in to present now con Sider his reasoning  of Mirt Khuc interest and property taxes Only serve the 25 per cent of taxpayers who Ilc Muc so 75 per cent of tax payers do nut Benefit from this do signed to Lii courage Home ownership most encouragement goes to the wealthy the higher the individuals lax bracket the Morii encouragement he re far persons in 20 per cent tax Brack the deduction is Worth on in mortgage interest and property for persons in the w per cent it is Worth Kennedy wants such Duduc Lions convened to lax credits a Hal percentage of interest and lax and Only for each Home owners principal residence no deduction i subsidy i for the condominium in Kennedy reasons similarly about Deduc Tion of charitable in 1bti uhf lust year for which data is the 75 per cent of taxpayers who look the Standard deduction gave charities Bil without lax the wealthiest on half of rms per cent of taxpayers also donated but idol thirds of that represented Money thai otherwise would have gone to the government in Kennedy says the charitable Bulion deduction is basically a Federal Matching Grant As with the other Ste mind the extent of the element share is a function of the donors tax he would replace that deduction with a Flat lax credit m per cent of any Kennedy with Nice thai this would require readjustment of strategy of solicitation by institutions dependent in Large Kennedy says deduction of medical expenses constitutes an upside Down gov can rent health program for the wealthy most persons who itemize deductions Are those whose mortgage interest and property taxes total More than the Standard deduction Lor a married couple Bui they can Only deduct Large medical expenses total medical bils minus three per cent of adjusted Gross Kennedy medical deductions should be called the National catastrophic health insurance program for upper income he would eliminate medical deductions when National health insurance is Kennedy also would end write offs for Lotus eating no deductions or business travel first class and the unkind St Cut no deductions for travel expenses in excess of gov Crimeni per diem for the area and no deductions for business As Kennedy everyone must cat and it is absurd for the government to subsidize the lunches for generally affluent Amert Cam who contrive to talk business be tween there is much More to Kennedy pro us general impulse is Rcd Strimbu an the impulse of liberalism generally has been in this but conservatives must acknowledge that All lax systems Are  they Are mos lacs of Politi Cal inducements to particular allocations of resources that considers socially useful conservatives can not profitably Challenge the National consensus thai supports Kennedy first which people who derive the most monetary Benefit from social arrangements should contribute relatively larger amounts for the conduct of the government thales is those aran semels that i the principal of Preros Sicily the Al cat tax Defalc now Bra inning will in Large Abtil my much Manfe rigorously the tax Endo should apply that principal William Safire top secret study full of optimism Nissis they used to be called from the acronym for National Security study these detailed analyses sometimes led to historic changes in policy in the Nixon nssm1 was 3 reassessment of policy in the Carter the name of these studies has been to show a break with Tho m they were to be called presidential study but Alert global strategists shied from potential Acron Mic derision and so the new studies Are named presidential review pm or prm10 is now the chief topic of conversation among diplomatic and budget officials the lop secret study contains More than words on world Power assessing where the stands in Competition with the soviet Union and estimating what we must do to maintain the military balance in the since the study is far More optimistic than previous Pentagon of Csc doves in the Carter administration have launched a preempt w opinion rxu1t10h leaks of or Mlls contents m the past week tied the Hopes Lor a smooth Road to with reduced american military expenditures leading to easily balanced Bud Rose coloured spectacles firmly in the  argue that the russians have Uwar hands full farm Capi Tal arguments with the dissection about the succession to Brezhnev All these combined with the possibility of Lucky Breaks in tech mean thai we Are entering what the study Calls Era which is a kind of limited cold or hot with hip i j col urn co tibents soviets not As important to us As they used in this Public opinion is prepared for relaxing american belated hawkish counter eakers have been scrambling to the and Here Are the first gurgles of their Deputy Secretary Lynn Davis As Sumes that in the event of a us dirt All Europe would succumb within 30 the approach is not to recommend what would be needed to put up a real but to adopt a defeatist the study admits its is not based on solid intelligence we had to make cer Tain assumptions about the nature of the Warsaw pact the report explains in grammatical because no the opinion Tift Thad lit m columns aft on re from thou cd Law Muhm in m to i cd Niland ii  the yet ii of the surf m Hurt u n i us sum i currently available intelligence estimates wore available when the joint chiefs saw this kind of Pap singing past them to the while House along with a substantial slash in the Navy they went to defense Secretary i Brown Wilh a request thai he disown the Section of Phio thai defense that put Brown in a Mootha he had Given tacit approval to a secret con cession made in Moscow by arms Contra negotiator Paul for a limit to the Range of the cruise j which made the defense quent Reliance on the cruise missile As a strategic substitute for the by bomber look Brown knew president Carter wanted budget balancing optimism in prm10 but could he afford to ignore the military again for Tho first time in the history of Ina defense the Man supposedly in charge scat a  report to the president on the subject of planning for future military in us Kucyr of trans dual to the Brown this study does not provide a sufficient basis for specific decision in military Force structures or of such a basis was exactly t prm10 was supposed to w not casual nighttime Reading for Jimmy backtracking furiously from the thrust of the pm Tom and Wuh an Eye to his memoirs in Case the new comp Laden leads to soviet brow is covering letter added the importance of the ahead of the size of the investments and the possible consequences of misjudging the All warrant thai we h nothing now to for Eduse our ability largely to determine the nature of our Lon term Competition Wilh the rather Thafel to react to their initiatives in a context sol by r the defense Secretary in telling the president watch out for plus prm10 which i am Forward ing Only because it is too thick to dont believe everything i Send you to us new rvs to Tow