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Receive
Additional
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on any
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odel.

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* Per Month/24 Months. S2.822
Due at Signing. Includes a
S400 refundable security
deposit. Taxes, title, license
and reoistration are extra.

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One time payment.
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Abraham sponsors
measure to waive federal taxes
on payments to survivors.

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* Per Month , 24 Months. S3,503
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and registration are extra.

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* Per Month 24 Months. S2,998
Due at Signing. Includes a
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deposit. Taxes, title. license
and registration are extra.

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6

One time payment.
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deposit. Taxes. title, license
and registration are extra.

'GMAC Smartlease 24 months, sec. deposit included in amount due at inception. Plate or transfer fee due on delivery. State and lux. tax addi-
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payments multiply by the number of months. "Based on approved leases.

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1-696 AT VAN DYKE

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F amily Since

1917

758-1800

NiAsit-R
r.>FAt FR

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Open Monday 8-9 p.m.; Tuesday 8-6 p.m., Wednesday 8-6 p.m., Thursday 8-9 p.m., Friday 8-6 p.m.

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CITIZENS FOR GOOD BANKING

4/16

1999

To the custodians and relatives of the elderly:
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18 Detroit Jewish News

sent $502 to each of 60,000
American survivors.
According to Rachel Yoskowitz of
the Jewish Family Service, at least
olocaust survivors would
1,000 Holocaust survivors are on the
not pay federal income tax
current active caseload list in
on reparation payments
Michigan. It is difficult to estimate
they get from banks and
the monies involved,
other organizations, under a
she
said, because
bill introduced by U.S. Sen.
some
survivors are
Spencer Abraham (R-
going through pri-
Mich.).
vate litigation and
The measure, introduced
have hired individual
this week to coincide with
attorneys in New
Yom HaShoah, would
York and Los
exempt taxation for sur-
Angeles.
vivors and their heirs for
"Obviously, there are
monies received for settle-
legal settlements
ments, including insurance,
involved that some-
looted art or financial
times are beyond the
assets, and slave labor
scope of what we can
wages. It is co-sponsored by
do or what the
Sens. Peter Fitzgerald (R-
Congress can do easi-
Spencer Abraham
Ill.), Daniel Patrick
ly," Abraham said. The
Moynihan (D-N.Y.) and
bill was introduced to address some-
Charles Shumer (D-N.Y.).
thing that I knew could be immedi-
"If someone is a beneficiary of a
ately
handled by federal legislation.
settlement under these circumstances,
Things
that involve private litigation
it wouldn't really be justice if they had
and
things
of that sort are a little dif-
settlements,"
said
on
the
to pay taxes
ferent.
Abraham. He cited a 1998 estimate
Although the bill is similar to
that up to $140 billion was stolen
Pennsylvania and California legisla-
from Jews in Nazi-occupied countries.
tion, Abraham said he wasn't working
"The introduction of this legisla-
off of a state model. He mentioned
tion would close some of the loop-
the idea of similar state legislation to
holes," said Elon Steinberg, executive
Gov.
John Engler.
director of the World Jewish
Abraham
became interested in
Congress. "We have to understand
Holocaust
issues
when he introduced
related
payments
that these Holocaust
legislation
several
years ago that made
not
income.
It
is
the
return
of
are
it possible for Christophe Meili, the
assets stolen, so it's altogether appro-
Union Bank of Switzerland security
priate, since by definition, the recipi-
guard who turned over evidence of ( /
ents are in almost all cases elderly
looted accounts, to get an immediate
with a higher level of poverty than the
visa
to come to the United States.
(general Jewish) population."
"Once
he made the revelations, he
Steinberg said that between
became
a
target,"
said Abraham.
sur-
100,000 and 125,000 Holocaust
"That
prompted
us
to look at the col-
vivors live in the United States. The
lateral issues that touched on
claims of the $1.25 billion Swiss Bank
Holocaust survivors. We started talk-
settlement are still being worked out,
ing about some of the things and one
but an initial $1.2 million humanitar-
of them was the taxability.,,
ian component of the settlement has

HARRY KIRS BAUM
StaffWriter

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