18 Friday, June 20, 1975 THE DETROIT JEWISH NEWS Knesset Gets Government. Tax Reform Proposal MIZRACHI TOURS JERUSALEM (JTA) — The Israel government has submitted its sweeping in- come tax reform measures to the Knesset. Finance Minister Ye- hoshua Rabinowitz said he hoped the bills would be speedily legislated so that the reform could go into ef- fect next month. Basically the reform will MAKE RESERVATIONS NOW FOR HIGH HOLIDAYS and FALL TRIPS REDUCED PRICES ASK FOR DETAILS JERUSALEM SOLIDARITY CONFERENCE July 18-21 2 3 1 2 5 Coolidge, Oak Park Under the new system, persons earning IL 3000 ($500) would pay 25 per- cent income tax. Earnings over IL 8500 ($1400) would be taxed at a rate of 60 per- cent. Treasury experts predict that 72 percent of wage- earners and 51 percent of self-employed persons will PASSPORT PHOTOS instant proof while You Wait No Appt Necessary 100's of other trips available Fare only or with accommodations Call Us For Details 398-7180 mean that all income will become taxable and privi- leges, expenses and certain exemptions will be abol- ished. Israel Devalues Pound Again MI nations, all types of identification photos Fast Service also Blow Ups from any snapshot all sixes up to approx. 18 o 24 Black 8 White or Color SS KRESGE STORES ONLY Northland Center Oakland Mall Troy Sfld. El 6-0733 1-75 at 14 Mlle Det. Ve 7-2431 585-6700 JERUSALEM (JTA) — The government announced a two percent devaluation of the Israel pound, the second devaluation since last fall when the pound was re- duced in value by nearly 42 percent. It now stands at IL 6.12 to $1 compared to the previous IL 6. The announcement was made after a special cabinet meeting which heard Pre- mier Yitzhak Rabin's report on his trip to the U.S. and discussed economic matters. The cabinet also empow- ered the finance minister and the governor of the Bank of Israel to announce additonal devaluations of two percent at any time pro- vided that 30 days have elapsed since the previous devaluation. The devaluation an- nouncement confirmed ru- mors here that the pound was about to undergo a fur- ther depreciation. It was, in effect, an implementation of a recommendation by Moshe Sanbar, governor of the bank of Israel. Sanbar, however, had also proposed that the pound be permitted to "float" against all major currencies. FAVORITE FAVORS Featuring Creative Centerpieces by Bev Kurtis .3e4, "Fresh flowers or plants, silk flowers or straw, our arrange- `5>. "50,,, NEW - 1/20 '1e ments are such to keep people ORIGINAL j_eo in awe." PERSONALIZED 355-1590 INVITATIONS 20% OFF FAVORS The one stop shop to fill ALL your party needs Sue Kutinsky 626-7312 • Dorsey Menken 626-5536 United Hebrew Schools — Nursery School (Oak Park) is pleased to announce TRANSPORTATION available to Farmington Hills and West Bloomfield for its Tuesday-Thursday Morning group beginning September 1975 for additional information call Li 8-4191 Now in its 25th year, the Oak Park Nursery School is under the direction of Sylvia Handler and Reva Klaymer \ COME AND SEE WHY THE OAKS HAS EARNED THIS ENDORSEMENT. C mmin194 three west sixteenth street • 4Aull new york, n. y. 10011 catkins 9 .1 5 2 5 March 25, 1975 Dear Friends: Among its many-faceted programs, Young Israel has always looked towards aiding in the development of various communities that appear to have potential for the Orthodox Jewish family. In this vein, we respectfully recommend a new condominium community that is rising in the State of Florida to be known as "The Oaks, - located on Stirling Road in Fort Lauderdale, Florida. This community — now being completed — is directly across from the new Young Israel of Hollywood. The National Council of Young Israel endorses this new condominium community as one that has great development potential for the Young Israel family and for all Orthodox Jews. We recommend that, for all persons contemplating a move to Florida, either on a permanent basis or for a "second home," a visit to "The Oaks" may prove to be quite beneficial to you. While there, we suggest that you talk to the officers of the Young Israel of Hollywood for further guidance and information. Respectfully, HERMAN ) ROSENBAUM President '111111 ■ 1 1 1 0'11 1I5 0'11 le 11\1* 4 ,,,e oaks HR/sbl 1, 2 & 3 bedrooms with all the amenities. From $24.900 to $49.900 Open daily 10 a.m.-5 p.m. For information call or write: 4151 Stirling Road. Fort Lauderdale, Broward County, Florida 33314 Broward: (305) 791-1870 • Dade: (305) 9440416 Offer not valid in states in which such offer or solicitation would be unlawful. pay no more than 25 percent tax, with a large number of this group paying no tax at all and some receiving added income from the National Insurance Institute. Only seven percent of wage-earners and 17 per- cent of self-employed per- sons would be paying more than 35 percent in tax, and the official forecast is that the vast majority of the pop- ulation will find themselves with more take-home pay. The Treasury is presently putting the finishing touches to a second major piece of legislation, due to be introduced later in the year, an added value tax that is expected to soak up excess spending power and largely cover the IL 1.5 bil- lion in revenues which the Treasury will lose as a re- sult of the income tax re- form. The tax reform measure was drafted by Treasury officials on the basis of recommendations pre- sented earlier this year by the "Ben-Shachar tax re- form committee," headed by Tel Aviv University President Haim Ben Shachar. The government adopted the committee's recommen- dations in full. They also won the blessing of the His- tadrut and of the employ- ers. The government also an- nounced that, because of the tax proposal, it will cut an- other billion Pounds ($161 million) of this year's IL 56.3 billion ($9.5 billion) budget in an effort to cut down the growing deficit, Finance Minister Yehoshua Rabinowitz told Labor -Alignment members of the Knesset Finance Commit- tee. It is assumed that the Housing Ministry would have to bear most of the budget cuts because of the low demand for housing, caused mainly by the de- crease in immigration. Tel Aviv U. Names President TEL AVIV (JTA) — Prof. Haim Ben Shachar, whose tax reform proposals may soon be enacted into law, was formally installed Sun- day as president of Tel Aviv University where he had previously taught econom- ics. He succeeds Prof. Yuval Ne'eman, a physicist, who resigned to take a senior post with the Defense Min- istry at the request of De- fense Minister Shimon Peres. Honorary PhD degrees were conferred on the French-Romanian play- wright Eugene Ionescu and the Israeli artist. Yaacov Agam.. Ionescu was cited for his contribution to contempo- rary drama and his struggle as a humanist against total- itarian ideologies. Agam was awarded the degree for his artistic contributions to 20th Century civilization and his breakthrough in kinetic art. At the meeting between Rabinowitz and the Align- ment MKs, it was reported that some 4,000 completed apartments were standing empty because they were originally intended for im- migrants who did not come. Some MKs suggested they be handed over to young couples who live in inade- quate housing. The two percent devalua- tion of the Israel pound met with approval in Labor and management circles and was taken in stride by the Finance Minister Ye- hoshua Rabinowitz said the new system was instituted to regularly up-date the pound's value on the world money market without sending shock waves through the economy. The chief aim, as with previous devaluations, is to stimulate exports. Abraham Shavit, president of the Israel Man- ufacturers Association, ap- proved the devaluation but demanded that incentives for export be maintained. As far as the consumer public. The cabinet's decision to is concerned, the govern- empower the finance minis- ment has given assurances ter and the governor of the that the prices of essential Bank of Israel to devalue the commodities, including pound by an additional two oil, will remin stable. But percent every 30 days — al- an immediate effect of the ready dubbed "creeping de- - devaluation was to in- valuation" — has created crease the price of air some uneasiness. Histadrut transportation for Israe- Secretary General Yeruham lis. Meshel, while welcoming Banking circles here be- the latest move, warned the liege that the new devalua- government not to utilize its tion will give impetus to dol- periodic devaluation powers lar-linked bonds, the trade but rather to set a firm de- in which has been slow in valuation target. recent years. Detroit Buys Jewish Center The Detroit City Council voted Wednesday to pur- chase the Jewish Commu- nity Center at 18100 Meyers for $3.5 million. The council approved the purchase by a 6-2 vote, with Councilmen David Eber- hard and Billy Rogell oppos- ing. The two said they were convinced the Center would not be a good deal for the city. Former Mayor Roman Gribbs vetoed the plan to buy the building three years ago when then council presi- dent Mel Ravitz suggested making the purchase. How- ever, Mayor Coleman Young is reportedly anxious to get the council's approval to buy the building. An aide to Mayor Young said the Center will be used as a multi-purpose facility with both public and private agencies `Apathy of Youth to Science a Danger' NEW YORK — Dr. Ed- ward Teller, a Hungarian- born physicist who in 1934 helped develop the principle of the hydrogen bomb, said the Soviet Union "will con- trol the future" if young Americans continue their "catastrophic" disinterest in science and technology. Dr. Teller, who retired as a University of California professor after 21 years on its faculty, will be presented June 25 with the Technion- Israel Institute's annual Harvey Prize. Dr. George Klein, a Swedish immunolo- gist, will receive an equiva- lent $35,000 prize in human health. Golda Hospitalized JERUSALEM — Former Israel Premier Golda Meir is in the hospital again, the fourth time since she left of- fice a year ago. Mrs. Meir, 77, is in Hadassah Hospital in Jerusalem where she is being treated for sciatica. housed there. Agencies which may have offices in the Center include the rec- reation, health, youth and senior citizens depart- ments. The city will make a $500,000 down payment on the Center and will pay an- other $500,000 when it takes possession of the Center sometime in the summer of 1976. City budget director Walter Stecher said the bal- ance will be paid in pay- ments of $150,000 plus in- terest every three months after that. JNF to Begin Thinning Forests JERUSALEM (JTA) — The Jewish National Fund expects to make $1.5 million this year — by thinning for- ests. The dead wood will partly go to JNF saw mills, partly to pulp processing factories, and the remainder to agri- culture for use as support posts, primarily in banana fields. The thinning must be undertaken for the purpose of clearing old tree plots for new regeneration, increased growth yield of remaining trees and the blazing of new forest roads built for pur- poses of getting the newly cut wood from the forests. Bicentennial Aids NEW YORK — "Pro- grams for '76," a play on "The Jewish Paul Revere," five bibliographies, a pamphlet on "The Story of the Jews in the U.S." and a number of publications on Jewish music in America are available from the Na- tional Jewish Welfar6, Board to help Jewish com- '- munities develop local pro- jects on a Jewish theme re- lated to the Bicentennial. For order forms and price lists, write to JWB, 15 E. 26th St., New York, N.Y. 10010.