29 Oct 1942
Page 1
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Newspaper
Akron Register Tribune
Location
Akron, Iowa, United States of America
Date
Oct 29, 1942
Page
1
United States fiscal action dominated a weekly analysis noting a record breaking tax measure clearing Congress. The report highlights wartime funding needs and the aim to mobilize resources for the war effort.
The 1943 tax bill, cleared by Congress, would raise nearly seven billion dollars in federal revenue. Personal rates rose from 4–7% to 13–42% with a new Victory tax on income over 624 dollars annually, while exemptions and credits were cut. Excise taxes increased on alcohol, tobacco, fuel, travel, and more, and corporate taxes rose as well. Draft policy differed between houses, aiming to add about 1.5 million 18 and 19 year olds to the army, with debates on draft priority and deferments for students and married men. Major Hershey opposed the priority plan, while Taft pushed for uniform drafts.
Reports from the Pacific describe Buin in Bougainville as a key Japanese base near Guadalcanal with ships and air units massed there. U S. bombers from Port Moresby and Australian bases harried Japanese forces while Aleutian raids continued against Kiska Attu and Agattu. Liberia emerged as a new Allied base for anti submarine operations near Dakar.
Pierre Laval, head of the Vichy government, agreed to a Nazi demand for more French specialists to work in German plants. Reports say the Vichy regime naturalized 500 Gestapo agents to assist in rounding up unwilling workers in unoccupied France as judgment nears.
U S Marines have long served the country in many theaters and today their tough, fighting unit remains in action across the Pacific. The feature highlights leathernecks in jungle islands of the Southwest Pacific as Maj. Gen. Alexander A. Funderburk leads the way in the Solomons.
Washington analysts describe America’s air power shift as the turning point of the war. From Guadalcanal to Lille, US bombers and fighters break enemy campaigns, with precision daytime bombing and enhanced air defense. The piece weighs implications for Europe and notes naval aviation’s advancing role.
About ten thousand rural fire-fighting units have formed this year to guard farms from wildfires, with roughly one hundred thousand men enrolled. Marketing, processing, and distribution facilities run at capacity this fall as farm production gears toward military and civilian needs. Prices rise with demand as USDA estimates set total cash farm income above a billion dollars. Soybeans, peanuts, cottonseed, and flaxseed output eases fats and oils shortages nationwide.
This Christmas offer presents three gift wrapped Camel or Prince Albert Tobacco packages. Choices include Camels in the Christmas Carton, 10 packages of 20s, and the Holiday House with four boxes of flat fifties. Each contains 200 Camel cigarettes or a pound canister of Prince Albert Tobacco, ready to gift with space for a Merry Christmas message.
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