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Show 2 VenMl ExpfeSt Wdnedoy, Jonuory 2, 1985 Sub-for-Santa program brightens Christmas Christmas, this year, was a little brighter for over 100 families in the Vernal area due to the thoughtfulness of area residents and organizations through the Sub-for-Santa program. The program is co-sponsored by The Friend's House, Uintah Basin Mental Health and KVELFM 93. The Friend's House is a private nonprofit non-profit organization for the chronically chronical-ly mentally ill. Community groups contributed to the success of the program through cash or merchandise donations. Two of the largest cash donations to the program came from Chevron Resources and White River Shale Oil. Several churches, businesses, individuals, in-dividuals, schools, the sheriff's office, of-fice, industries, clubs, and other groups also contributed to the program pro-gram by agreeing to sponsor needy families in the area. According to Louise Darlington who helps organize the program, many of the groups sponsored one or more famines and also gave the gifts ' out anonymously. Each of the groups was asked to give families a food and fruit basket so the families could have a Christmas dinner. In addition to the food, most of the groups also gave Orthopaedic service to expand, new doctor Orthopaedic services will expand in the Basin area due to the arrival of James K. Taylor, M.D. Dr. Taylor is a Board Certified or-thopod or-thopod who completed five years of orthopaedic or-thopaedic specialty training in South Africa. He then maintained a private practice in Billings, Mont, for five years, after which he joined FHP in Salt Lake City. Being an outdoors type person, seeking seek-ing the advantages of rural living, Dr. Taylor discovered Vernal was actively active-ly seeking another orthopod in a shared practice arrangement. Jim visited with Dr. Stephen Limburg a few times, and decided this would be an opportunity to get back to the rural lifestyle he enjoyed and he could provide pro-vide additional services to the residents of the Basin, which would compliment the established orthopaedic or-thopaedic practice currently offered by Dr. Limburg. Specializing in spine and back pain problems, Dr. Taylor is a proposed charter member of the North American Spine Associaiton, which is a group of active, interested orthopods and neuro-surgeons who exchange ideas and methods of treatment for low back problems. According to Dr. Taylor, 80 percent of Americans have some problem with low back pain at some time in their lives. Smokers suffer from low back pain difficulties four times more often than non-smokers. It seems there is a diminished blood supply to the discs and smoking further decreases this supply, causing greater risk of degeneration. Experienced in many areas of back care and treatment, Dr. Taylor has peformed a new method of treatment for "slipped" or herniated discs which greatly benefits some patients. This new treatment is an alternative to back surgery and is called chymopa- Vernal Express (USPS 6580-8000) Published every Wednesday and Friday for $14.00 per year in area and $20.00 per year out of area by the Vernal Express Publishing Company, 54 North Vernal Avenue, Vernal, Utah 84078. Second class postage paid at Vernal, Ver-nal, Utah 84078. POSTMASTER: Send address changes to VERNAL VER-NAL EXPRESS, P.O. Box 1010, Vernal, Utah 84078. Jack R. Wollis Publisher Steven R. Wallis Editor Traci.Menke News Writer Aldon Rachele Sports Editor Merle Young Women's News Janet D. Wallis Advertising Karen M. Curron Advertising Nell Gurr Circulation and Classified Ads Nancy Colton Accounting Phone 789-35)1 Member of Utah Press Association and National Newspaper Association Area correspondents: Jensen Vera Snow", 789-0628 Manila Clara Robinson, 784-3463 Maples Ada Openshaw, 769-3145 Tridell Lorna McKee, 247-2350 Lapoint Paula Huber, 247-2425 Maeser Enid Hatch, 789-3150 Ballard Tracy Phillips, 722-4925 Whiterocks . . .Virginia Ferguson, 353-4584 Glines Norma Damon, 789-1302 Ouray, Leota, Randlott...$heila Bloxham, 545-2327 Deodlines Wednesday Edition News Monday 5:00 p.m. Advertising Tuesday 11:00 a.m, Friday Edirici News , Thursday 10:00 a.m. Advertising Thursday 2:00 p.m. f families they sponsored gifts of clothing and toys for each of the children in the family. Of the 108 families that were served', serv-ed', seven of them were elderly single persons. Many of the remaining families that were served were very large and included a total of 290 children. The gifts were distributed a little earlier this year to help reduce some of the anxieties families experience during the holiday season. This year the gifts were distributed approximately approx-imately six days before Christmas and in the past the gifts were distributed only a couple of days prior to Christmas. Many families throughout the area have expressed their pleasure with the program and said they would not have been able to have as nice a Christmas without the Sub-for-Santa sponsors and groups who participated par-ticipated in the giving. Darlington said she thought the program went very smoothly this year and was pleased with the success. suc-cess. "It is very nice to see the community communi-ty pull together to help others," said Darlington. pain injection. Discs are pads of cartilage between each vertebra that absorb shock and keep the vertebras from rubbing together, explained Dr. Taylor. When a disc ruptures, the teaspoon or so of jelly-like substance in its center bulges. This bulging sometimes presses a nerve, causing pain in the back, buttocks andor legs. Chymopapain Chymopa-pain is an enzyme derived from papayas which, when injected into the disc, dries up the bulging nucleus, taking tak-ing the pressure off the nerve and thus, relieving the pain. Drs. Limburg and Tayor expect not only to increase the number and types of orthopaedic services, but to also expand ex-pand services to Rangely and Roosevelt. Beginning Jan. 11, Dr. Taylor will provide clinic services in Roosevelt one day every other week. Clinic services will also expand in Vernal Ver-nal with office hours increasing to include in-clude every other Saturday from 9 a.m. to 2 p.m. Appointments can be made by calling 789-2841 or 722-2211. Commented Jim Taylor, "Vernal and the surrounding area fits well with me. I can practice medicine in a shared rather than solo situation, and enjoy my favorite outdoor activities, including following rodeo." Fishing... Continued from page 1 There is also a new regulation on the size of ice holes.which cannot be more than 12 inches in diameter except ex-cept at Bear Lake, Flaming Gorge and Fish Lake, where ice holes maybe up to 18 inches in diameter so anglers can haul out larger mackinaws or dip nets Cisco at Bear Lake. Vernal City ECDStETT Program A HILL, a dog and your best friends make an exciting afternoon of playing in the snow. K TREASURY SECRETARY REGAN'S TAX TRIAL BALLOON The White House is still busily checking and rechecking congressional congres-sional and public reaction to the tax reform proposal unveiled by Treasury Secretary Donald Regan toward the end of last month. The "flat tax" plan, as submitted to the president, contains significant changes in rates and deductions. deduc-tions. However, Treasury officials asserted that its net effect on revenues would be "neutral." As yet, the president himself has given no indication of whether or to what degree he may accept Secretary Regan's plan. The probability probabili-ty is that he will not disclose his decision deci-sion until he delivers his State of the Union address to Congress late in January. Even then he may not detail the specifics of his own proposal, preferring to send these to Capitol Hill when he deems the time to be ripe. KEY PROVISIONS The tax simplification plan recommended recom-mended by the Treasury would reduce the present 14 brackets of tax rates to three. Rates for these would be set at 15, 25 and 35 percent, respectively. This contrasts with the present system of rates that range from 11 to 50 percent. per-cent. While personal exemptions would be increased, a number of existing ex-isting deductions, exclusions, and credits would be either modified or eliminated. For single taxpayers, the first $2800 of income would be tax-free. Those earning between $2800 and $19,300 would pay 15 percent in taxes; those with incomes between $19,300 and $38,100 would pay 25 percent; those earning more than $38,100 would pay 35 percent. Couples, filing jointly, would pay only on earnings over $3800. Those earning between $3800 and $31,800 would be taxed 15 percent, $31,800 to $63,800, 25 percent; more than $63,800, 35 percent. Personal exemptions would double to $2000 but mortgage interest deductions deduc-tions for second homes would be eliminated as would deductions for state and local taxes. Certain worker fringe benefits would be taxed as . wages and unemployment compensation compensa-tion would become fully taxable. Tax liability on capital gains on sales of stock or property would increase from 28 percent to 35 percent, but would be indexed for inflation. IMPACT ON BUSINESS Corporate tax rate would become a flat 33 percent of earnings, or two percentage points below the proposed top individual rate, and to afford partial par-tial relief for the onerous double taxation tax-ation of dividends corporations would be permitted to deduct a portion of dividends paid out of previously taxed tax-ed earnings. However, business would be hurt by repeal of the investment tax credit and the changes in the present system of figuring the basis for depreciable assets. Generally disappointing is the Treasury group's failure to advocate special treatment for industrial research and development generally and for high-technology businesses in particular. PROSPECTS FOR ADOPTION The Treasury plan has much to recommend it. As an effort to broaden the tax base, it has already been welcomed by important elements of the investment community. But it has several flaws, including what appears to be a built-in bias against the middle mid-dle class which is already bearing the brunt of federal taxation. This taxpayer tax-payer segment would bear a disproportionately large part of the burden flowing from elimination of the federal deduction for state and local taxes. Perhaps skepticism best describes the early reaction of Congress to the Treasury plan which at one fell swoop would radically change the philosophy of raising taxes. In its present form, Secretary Regan's effort seems unlikely to capture the full endorsement endorse-ment of the president and his continuing continu-ing personal support that would be needed to persuade Congress to give it a try. Congress will be leery of antagonizing an-tagonizing the interests that would be hurt by the Treasury's tax reform plan, especially in view of the fact that the plan won't raise any new revenues. AND THE STOP SIGNi SLIDER THROUGH SKIDS THROUGH INTERSECTIONS TO KEEP EVERYONE ONTHEIRTOES.' THE 4X4 LEAD FOOT THINKS BECAUSE HIS VEHICLE HAS FOUR WHEEL DRIVE HE CAN STILL GO 60 M.P.H, THE PEA BRAINED TAIL GATE P. LIKES TO FOLLOW YOUR CAR REAL CLOSE SO IN CASE THEY WRECKYOU CAN CALL A, AMBULANCE Voice of businesss How to judge flat-rate tax By Richard L. Lesher, President Chamber of Commerce of the United States Donald Regan, the Secretary of the Treasury, has released his proposal for a modified flat tax. It is a tax reform that would lower marginal tax rates and eliminate or reduce many deductions, credits and exemptions for both the individual and corporate income in-come tax. The Treasury proposal now joins a host of other tax reform measures designed to simplify the present complicated com-plicated system, increase equity, and reduce many of the disincentive, anti-growth anti-growth aspects of the present tax code. Other plans already before Congress include the Kemp-Kasten bill, called the "Fair and Simple Tax" (FAST) and the Bradley-Gephardt "Fair Tax," and the Roth-Moore "Broad Based Enhanced Savings Tax" (BEST) and Rep. Cecil Heftel's "Cash Flow Income Tax." . With all the proposals clamoring for attention and each claiming to be fairest, simplest and best, how can we evaluate the different proposals? The most important question to be asked about each bill is how it will effect ef-fect economic growth. Economic growth means more jobs, higher incomes in-comes and a stronger national economy. Growth means more taxpayers tax-payers and fewer welfare spending recipients. It allows spending programs pro-grams to reduce themselves without STOCO expands operation In oilfield development STOCO, Inc., Salt Lake City, announced an-nounced last week that its subsidiary, sub-sidiary, M & M Oilfield Service, Inc., is expanding its operations in southwestern Wyoming to the LaBarge area. The company will employ 25 people at LaBarge where increased oil and gas industry activity has created a demand for oilfield service and maintenance operations. January 15, 1985 the company will begin contract work for Wexpro Co. where plans are underway for construction con-struction of compressor stations and disposal units in the general vicinity. Development drilling in Sublette County has been steady in the past few months with interests focused in the overall LaBarge region. Several major ma-jor oil companies are at work in this area including Belco Development Co., Texaco Inc., Exxon Corporation, Cities Service Co., Mobil Oil, Anadarko Production, and several independent companies, STOCO has acquired a 17,920 acre block of oil and gas leases on the southern flanks of the Uinta Mountain Moun-tain Range north of the Altamont-Bluebell Altamont-Bluebell oil and gas field. The leases cover some 28 sections in Township 3 North, Ranges 1 and 2 West, Duchesne and Uintah counties and are located in an area of intense interest in-terest of possible oil and gas production. produc-tion. The acreage block was purchased purchas-ed from Wasatch Minerals Corporation Corpora-tion for an undisclosed price. The area is southwest of a test well to be drilled to at least 8,500 feet by Kirby Exploration Company. Three other companies have substantial lease holdings in the vicinity: BWAB Co., F.M. Tully Corporation, and Kir- HQW TO IDENTIFY THiV having to cut anyone off they simply simp-ly walk away from welfare when jobs are available and pay is increasing. How can a tax code be "pro-growth?" "pro-growth?" How can we remove disincentives to higher investment, to savings and to work? First of all, it is important to bring down marginal tax rates as low as possible. Marginal tax rates are important im-portant because they affect people's decisions. Should I work for another hour or go home? Should I save this dollar or spend it? Should we invest in our company or take our money out and consume it? High tax rates make people less likely to work, save or invest. in-vest. Lower tax rates reduce the "tax wedge," which is the difference between bet-ween the real economic outcome of a decision and the after-tax outcome. The Kemp-Kasten bill drops the top marginal income tax rate for individuals in-dividuals to 25 percent. This is lower than the Treasury's 35 percent or Bradley-Gephardt's 30 percent. On the corporate tax side, Kemp-Kasten has the lowest rate at 30 percent versus 33 percent for the Treasury bill. The lower the rates, the more pro-growth the tax code. After looking at marginal tax rates for individuals and companies it is important im-portant to examine how each bill treats investment and savings. This by Exploration. STOCO completed its public offering in early 1984 and acquired M & M Oil Field Service Inc., in October, 1984. The company's sales for the period zJPj EVERYBODY FINDS hSi WHAT THEYNEED ,N THE CLASSIFIEDS! lSl0'L'r't'c, A'rw''kLi,"' ) wfowrei pels 5 ' Ki 7Ht""f ? ( se'wces inecass.tefs loi r." '. f'w 4 lr ) '-''"' lot I HftS jLr" "w evetyitoOy - us! Ivawse "iovin'--AMwi(''; WJ mtouqh mem sometime' Vernal Express recovery owes a great deal to the strong incentives for investment credited by the ACRS depreciation schedules for business and the Investment Invest-ment Tax Credit as well as incentives for savings such as Individual Retirement Retire-ment Accounts. Each of the bills treats savings and investment differently and I hope the final compromise tax reform package that the administration supports will maintain the important incentives for real capital investment such as ACRS and the Investment Tax Credit. This recovery has been led by high levels of investment, unlike other short-lived recoveries that have been false, inflationary infla-tionary booms. Savings also must be protected from the disincentives of the present tax law. Increasing the Individual Retirement Retire-ment Accounts as the treasury bill does is a tremendous pro-growth policy. Some flat tax proposals actually actual-ly exempt all savings and investment from taxation now there's a tax reform that would kick the economy into a period of sustained high growth. There will be a great deal of discussion discus-sion about various tax proposals during dur-ing the next few months. The American people will be well-served if the administration and Congress keep their eye on the ball: a tax code that encourages savings and investment and that reduces the tax wedge of high marginal tax rates now facing individuals in-dividuals and businesses. ending July 31, 1984 was $1,383,616. Expected sales from 1984 should be in excess of $2.5 million, forecasts STOCO's president Ray Malinski, Duchesne, Utah. |
