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Bridgeport Telegram in Bridgeport, Connecticut

11 Feb 1958

Page 6

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Bridgeport Telegram February 11, 1958 Page 6 old newspaper archives

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Articles on This Page

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Newspaper

Bridgeport Telegram

Location

Bridgeport, Connecticut, United States of America

Date

Feb 11, 1958

Page

6

Rival firm plans spark big business tax debate

The Business Mirror reports a New York bid to split big firms like General Motors and Ford into smaller units to curb monopoly power. Romney cites Standard Oil split as a model and argues bigness harms industry and the nation while Congress weighs a progressive tax approach to curb oversized firms amid a slowing economy.

MENTIONED IN THIS ARTICLE

New York House Congress General Motors Ford Detroit United Fruit George Romney American Motors Chrysler Walter Reuther Romney Standard Oild Trust Senate Standard Oil Tax Foundation
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Debated tax shifts spark views on corporate rates and relief

A fragmented excerpt shows arguments over corporate income tax brackets and relief for high tax burdens. Advocates claim changes may hit big producers and price levels, while others push broader reform. References to a deep freeze and a mountain farm scene hint at economic stress and political disagreement.

MENTIONED IN THIS ARTICLE

Axa Martin Chenault British Columbia Foundation Congress
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Also Mentioned on This Page

Eura Business Mirror Baby Aronze PT Rolllaer Main ST America Studebaker- Packard Studebaker South Bend THE F. L. Mills Company Fairfield Avenue Bridgeport, Conn StuDebaker-Packard Corporation Milford Bridgeport Eree Kitchen Planning Service Chen Geneva Johns Maanville Stratford Misty Hatlux Barritt's Darritt the Geeds Knowlion Street Orie Ratford West Broad Street Staatford
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