42 Friday, February 11, 1983
Mack Pitt
THE DETROIT JEWISH NEWS
Car Credits and Tax-Free Mortgage Bonds
Proposed to Stimulate the U.S. Economy
1
and his
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plus
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Music just for you!
358-3642
A Detroit organiiation is
beginning a nationwide
campaign to ask Congress
to give tax credits to persons
who buy new U.S. cars and
trucks and to create a new
1■ 11 ■ I
JEWELRY
APPRAISALS
642-5575. •
At Very Reasonable
Rates call for an
appointment
30400 Telegraph Road
Suites 104, 134
Birmingham, Mi. 48010
(313) 642-5575
LAWRENCE M. ALLAN
President
GEMOLOGIST DIAMONTOLOGIST
Hours daily til 5:30, Sat. by appt.
tax-free mortgage bond to automobile and steel in-
stimulate the housing in- dustries while the
dustry.
mortgage proposal
The organization, known would stimulate the
as Jobs, proposes that Con- housing, manufacturing
gress allow one tax credit and supplier industries.
for each individual who He said increased em-
buys a U.S.-made vehicle in ployment and the result-
1983 or 1984. According to ing payroll taxes would
the proposal, credits of up to offset any revenue losses
$10,000, less the trade-in to government.
price, would be allowed.
Jobs is asking individuals
The mortgage bond pro- to write their Congressmen
posal would allow individu- and Senators to enact enabl-
als to lend banks funds for ing legislation by June 30.
up to 10 years and earn 8.5
Letters can be mailed to
percent interest tax-free. Congress directly or mailed
The banks would then loan to Jobs for forwarding. Jobs'
the funds to purchasers of
new and used homes at the
Jerry Lewis' real name is
rate of 10 percent. The Josef Levitch.
banks would earn a profit of
1.5 percent and the 10 per-
cent interest mortgages
would stimulate the hous-
Open 7 Days
ing industry.
A Jobs spokesman said
Mon. thru Sat.
the auto tax credit pro-
8 to 6 p.m..
posal would stimulate the
SUNDAY
851-8020
Domestic
626-4656
While _they last
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