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November 12, 1993 - Image 40

Resource type:
Text
Publication:
The Detroit Jewish News, 1993-11-12

Disclaimer: Computer generated plain text may have errors. Read more about this.

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Law Suit
Stirs Senate

/-3

Federal And State Taxes Are
Eating Away At Your Savings.

SOLUTION:

Tax Free Mutual Funds
At

Franklin Bank. With tax shelters and most of the commonly used tax
deductions gone, today's investors are concerned about high taxes. If your income level has
you looking at tax-free income sources because of high tax rates, investing in tax-free mutual
funds could be the answer.

Washington (JTA) — A
resolution urging the Ger-
man government to pay
reparations to American vic-
tims of the Holocaust has
been introduced in the
Senate in the wake of a case
involving a 70-year-old sur-
vivor.
The resolution, introduced
last week by Sen. Frank
Lautenberg, D-N.J., asks
President Clinton and Secre-
tary of State Warren
Christopher to "raise the
matter with the German
government" so that Holo-
caust victims who were U.S.
citizens at the time of their
capture can be compensated.
"We're determined to
move the German govern-
ment off its rigid stance,"
Mr. Lautenberg told
reporters at a news con-
ference. He said he expects
full Senate support for the
resolution.

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Frank Lautenberg:
Concerned with compensation.

N.A.

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The resolution is a re-
sponse to the case of Hugo
Princz, a Jewish Holocaust
survivor who has not receiv-
ed any compensation from
the German government be-
cause he is an American.
Mr. Princz, 70, brought
suit against Germany for
$17 million after years of
unsuccessful attempts to col-
lect a war reparations pen-
sion.
The legal battle continued
last week in the District of
Columbia Circuit Court as
Germany tried to have the
case dismissed on the
grounds that the German
govermnent cannot be sued
under the Foreign Sovereign
Immunities Act.
The court's decision, ex-
pected in the next several
months, is "almost impossi-

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