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This newspaper page contains 4 articles. Subscribers can read the full text of each article.
Newspaper
Austin Daily Herald
Location
Austin, Minnesota, United States of America
Date
Jun 19, 1952
Page
5
Babson argues that high income taxes, while shrinking margins, can press firms to expand sales and invest in research and advertising. Excess profits taxes may spur longer term gains for shareholders through higher prices and dividends, while improving competitive positions. Corporate profits fund over a third of federal revenue.
The text argues that a tax program can both deter and promote growth by balancing government needs with business activity. It contrasts Western free enterprise with Soviet taxation aimed at stifling enterprise, urging action and faith to secure a fuller life through work, savings, and investment.
Sen Ellender of Louisiana says he failed to recover 37500 paid to Cargill Inc Minneapolis by the Commodity Credit Corporation for a grain storage project. He cites a public airing in Senate Agriculture Committee hearings on the farm aid program as the basis for the claim that the government paid for nothing.
Governor Theodore Roosevelt McKeldin of Maryland says he is not a presidential candidate but would consider the vice presidential nomination. He backs General Eisenhower for the presidential nod and hopes to appear on the ballot at the GOP convention in Chicago.
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