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Newspaper
Browning Leader Record
Location
Browning, Missouri, United States of America
Date
Nov 08, 1945
Page
2
Western Newspaper Union analyzes a potential 1946 tax relief package. It notes individual income tax cuts around 2 percent with $500 dependents exemptions, large corporate relief from excess profits taxes, and continued social security payroll tax stability. It also discusses wartime wage policy and reconversion plans amid UAW GM wage talks.
Congress weighs President Truman's call for one year of postwar military training for Americans ages 17 to 20 with divided response from Revercomb and Celler. Estimates show about 975000 youths called yearly, 250000 rejected for health reasons, camps expected in the South. In Japan, Allies target the zaibatsu to democratize government and spur economic development amid constitutional reforms.
The FAO forms a permanent body in Quebec with 30 nations signing its constitution to improve agriculture and living standards, while France faces a polarized party system led by the PRM as De Gaulle counters Communist and Socialist blocs. Fire marshal Mullaney warns cities face devastation from concentrated raids, Hamburg cited as example. Navy plans further demobilization and cut discharge scores for officers and enlisted personnel. Turkey supplies remain ample for Thanksgiving and Christmas as Army QMC secured early purchases and storage.
Paul Mallon argues inflation is a price-based crisis driven by goods shortages and wage demands. He warns that rising wages spark higher prices, risking consumer strain, reduced demand, unemployment, and potential moves toward socialism under a bankrupt economy, noting policy struggles under the Truman administration.
The Alexander Hamilton Institute projects domestic demand for autos next year at 9,843,000 after population adjustments. Passenger cars in operation reach 21,921,000 at the start of 1946, down from a 1942 peak of 27,364,000, with 6,768,000 fewer in operation and an additional 2,744,000 cars likely scrapped in 1946.
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