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Publication: European Stars and Stripes Sunday, December 31, 1989

You are currently viewing page 6 of: European Stars and Stripes Sunday, December 31, 1989

   European Stars and Stripes (Newspaper) - December 31, 1989, Darmstadt, Hesse                                Page 6 the stars and stripes sunday december 31,1989 proposal Rolls Back social Security tax by the los Angeles times Washington a key senator Friday advocated cutbacks in the social Security payroll tax that would save 130 million workers and employers a total of $62 billion during the next two years. The proposal by sen. Daniel p. Moynihan d-n.y., would cancel a 0.14 percent increase in the Levy scheduled to take effect Jan. 1 and lower the rate by an additional 0.96 percent for workers and employers in 1991. Moynihan who As chairman of the Senate finance subcommittee on social Security is in a key position Toad Vance his plan said that it would put the retirement system Back on a pay As you go basis instead of amassing Trust fund surpluses expected to exceed $200 billion in the coming decade. The administration is Content to see the budget deficit gradually eliminated by the growing social Security tax Revenue Moynihan said at a news Confer ence. This. Perverts the original purpose for the sur pluses to provide for the retirement of the baby Boom generation in the next Century he said. The Trust fund concept was adopted in 1983 to accumulate reserves in anticipation of the huge demand on social Security when the baby Boom generation born after the end of world War ii begins to retire in the Early part of the next Century. But Moynihan and others said that the huge sur pluses have been used instead to mask the size of the Federal deficit. Without the surpluses. Congress and the administration would have to make More drastic spending cuts or generate new Revenue to meet deficit reduction targets. We can no longer tolerate the use of social Security surpluses to finance say b-2 bombers or a capital gains tax Cut he added. The deficit for fiscal 1989, Moynihan said would have been $204 billion if $152 billion in social Security surplus had not been counted. Congressional budget office projections show the social Security surplus Ris ing to $236 billion in the year 2000, virtually offsetting a deficit of $268 billion in other government trans actions. Although there is Strong support in the Senate for we can no longer tolerate the use of social Security surpluses to finance say b-2 bombers it Daniel Moynihan excluding the Trust fund surpluses when calculating the budget deficit president Bush has opposed any change in the current accounting system. He is also expected to oppose Moynihan s proposed Cut in the payroll tax because of Revenue losses estimated at $7 billion next year and $55 billion in 1991. The 7.65 percent tax including 1.45 percent for medicare that everyone pays will be imposed next blowing in the wind an 800-foot-Long greeting card addressed to soviet president Mikhail Gorbachev and the soviet people looks somewhat bedraggled after being buffeted by an ill wind in new York City. Blown Oft the top of a tall building the card fluttered slowly to the ground and had to be reconstructed for us Public unveiling. The card was to be flown to Moscow As a new year s greeting. Year on both workers and employers on All earnings unto a cutoff of $51,300, with a maximum tax of $3,924 for each. Moynihan also contended that it is unfair tax policy to rely so heavily on a payroll tax that allows no deductions and takes the same percentage from everyone regardless of their ability to pay. The United states almost certainly now has the most regressive tax Structure of any Western nation he said. This is so because the social Security payroll tax which is decidedly regressive has come to make up an increasingly larger share of total Federal tax  about three fourths of All wage earners he said will pay More in social Security taxes in 1990 than the will pay in Federal income taxes which Are geared to ability to pay. Under the legislation that Moynihan will introduce when Congress reconvenes in late january an increase in the social Security payroll tax from 7.51 percent to 7.65 percent due to take effect monday would be repealed. If the 1990 tax is held at the 1989 rate of 7.51 percent the savings for those paying the maximum would be about $72. In 1991, those earning More than the estimated maximum wage base of $54,300 would pay about $600 less than they Are scheduled to do if the Law is unchanged Moynihan said. Starting in 1991, the tax rate would be lowered to 6.55 percent under Moynihan s plan. With the changes Moynihan said the nation s Basic retirement system would revert to financing on a pay As you go basis or setting the tax rate at the lowest level needed to produce enough revenues for current benefits. Stateside first Black sworn in on Georgia s High court Atlanta a a judge who grew up in a Public housing project fought Back tears As he was sworn in As the first Black to serve on the Georgia supreme court. Robert Bonham said his family knew this Day would come. They knew there was nothing we could t do and. Nothing that could hold us  Bonham a court of appeals judge for 5 a years was named to the state s highest court earlier this month by gov. Joe Frank hams and was Given the oath of office thursday during ceremonies at the Capitol. During an acceptance speech he had to fight Back tears when he declared his Joy that his parents n9t Only lived to see the ceremony but were Able to participate in , 43, succeeds Justice Thomas o. Marshall who rot ires this month. The appointment lasts Only through november when the court seat will be up for election. Harvard University gets its name trademarked Cambridge mass. A Harvard University the oldest of America s prestigious Ivy league colleges has become the last to protect its name with a Legal  years of seeing its name emblazoned on t shirts towels pens and even trash cans. Harvard has finally registered its insignia preventing its use noncommercial products without permission and the pay ment of  officials say that shirts watches and Many other items will still be allowed to carry the Harvard name and Seal including the word Veritas latin for  lavish burial planned for dog shot by postman los Angeles a a dog shot by a mailman is going to be buried in a silk lined casket at . Postal service expense but some neighbors Are saving their sympathy for the postman who faces felony charges. Letter Carrier Floyd Sterling de scribed by one resident As a Sweet wonderful Man and gentle As a Lamb was charged Friday with one count each of cruelty to animals carrying a concealed weapon and negligent discharge of a fire Arm. If convicted on All counts Sterling 34, could go to prison for More than five years said Deputy District attorney Myron Jenkins. Meanwhile Skippy the deceased Ger Man Shepherd mix is scheduled for a $500 memorial service and funeral at los Angeles pet memorial Park. Arrange ments for the funeral wednesday include a silk lined casket Large Flora displays a graveside ceremony and a Headstone said Lara Ortega spokeswoman for the memorial Park. Skippy had some enemies in his sub Urban Arleta neighbourhood. Neighbor Beth Adams 30, the one who praised Sterling s gentleness said Skippy was notoriously vicious. Others say Skippy s owner Tammie Brody 27, is taking advantage of the postal service offer to pay for the dog s  my son s dog died after he was hit by a car we put him in a Box and1him. And they could t have that dog More said neighbors buried loved that ,.claire Denunez. This is a Little ridiculous. This family is taking things lop far and. The taxpayers Are paying for it. Sterling shot the dog tuesday As Brody was opening the front door to give him a Christmas bottle of Vodka. The letter Carrier said Skippy was menacing him and had bitten him in a previous run in. At the time of the shooting. Sterling was on probation for a 1988 mis Demea nor conviction for carrying a loaded .44 Calibar magnum revolver in his car according to san Fernando municipal court records. The postman has been put on paid leave pending an internal investigation of the incident postal authorities said. Postal regulations prohibit workers from carrying firearms on duty  
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