European Stars And Stripes (Newspaper) - July 28, 1978, Darmstadt, Hesse                                Page 12 the stars and stripes George will july 1978 Sturm from th6 90mmi Carter tax talk shows lurid notion of reality anyone who believes Jimmy Carter the Andy Young of Domestic policy when he talks about has a lurid no Tion of american according to car the tax code wich is largely the work of democratic congresses is a disgrace to the human and How a Large bipartisan majority in Congress is about to add More benefits for millionaires by Cut Ting the rate of capital gains who do not get elected by catering to going to Send Carters desk a measure he thinks is designed to provide huge windfalls for this chapter in Carters thick Book of troubles began with Wil Liam a sprig of a fellow who looks 10 years younger than his 38 capital gains Are profits from the Sale of an such As or a most leading Industrial nations do not tax Capi Tal until the maximum rate was 25 today the maximum effective rate is 49 Steiger pro returning to the 1969 a Compro proposal would Cut the Rale to 35 per five million investors have from the Stock capital Irma Ion which Means Job creation is the United states has the Low rate of savings and productivity and the highest of Industrial Steiger abundant that restoration f the 1969 capital gains tax rate would be to shift incentives that now work it has been t Carter was playing fast and Loose with is when he said that a substantial Capi j gains lax Cut would mean Only two bits r the average when the ministration asserted that a substantial in Cut affecting capital gains would mean Revenue it was a that the Cut would not alter eco c every tax change has second or and most tax cuts Are Stimus the Cut Carter opposes will Stimus capital and unlock capita that High capita gains tax behave locked up in existing invest Carters failure to deflect Congress from Cut in capital gains taxes the extent to which he has become the irrelevant this tax like most of his is to the Way he which reveals the Way he he elevates disagree ments about matters of degree into clashes of and tests of and so slips into Robert the Senate majority Lead supports such a in spite of the fact that his West is More famous for Coal miners than for Al chairman of the House ways and Means supports the Compromise Cut to 35 which car Ter considers tobit Carter says such a Cut is in accept but that is just More Carter generally although he is on record As believing that capital gains taxes should actually be he is As is his he is almost certain to accept such a Cut because it will be part of a larger tax Cut Bill that is unlikely to draw an election year in Labouring to stir the average Ameri can against the capital gains tax car Ter has relied on the idea if John Doe is not a direct and immediate beneficiary of a tax Doe does not Benefit at but average americans have a More sophisticated understanding of the Complex processes by which their and the Public Are you May evidently believes that it is unfair for any 10 per cent of the population to use More than 10 percent of american lawyers his penchant for statistical egalitarianism probably causes him to think it is unfair for the people with the most Money to Benefit most from reduced taxes on profits from but such people per form a disproportionate share of society and broadly do not resent them for profiting from most americans aspire to join the risk taking most of Carters tax plans have run into a fact Ana sunk Tike that fact is americans want taxes not rearranged to penalize the the people Are not in tit Washington Post Shirley Christian bolivians await reaction of la Bolivia the nagging ques Tion for bolivians after last weeks blood less Palace coup is the reaction of the which pushed for a revival of democracy and of an influential Oil Rich nation that already has branded the coup a dismal the new Juan Pereda appeared to be trying to head off criticism from Washington and Caracas in a week end saying the new bolivian government wants to develop Friendly re lations with All nations within principles of self determination and non inter Pereda took Over after leading a on Day rebellion that forced the resignation of president Hugo Pereda claimed he had won the july 9 presidential election although the supreme court voided the results after some candidates and International observers accused Veredas coalition of vote president Carlos Andres Perez of Vene a vocal spokesman for democracy in Colum is comments latin said he was deeply pained by the thought that our Hopes for a return of democracy to Bolivia have been frus Venezuela announced it has begun consultations with other latin american governments Abo cake pets of latin hoped new dec rights Campaign ing elections who military run for blocked by the so he the former there were Duding two Paz who returned lion in throwing court said new with Asta the results had slightly i vote and la Pat ports that much lower and the court two saying he military Bolivia any other the Days Are America was int not Ual countries the cart election As a Carter administrations human at the