Internal Revenue Is Eternal Problem Tax Specter Haunts Congress
Washington observers map the 1947 tax debate as Republicans and Democrats clash over a new community property tax provision, inflation fears, and emergency aid for Europe. The plan revisits past veto battles while Congress faces an unsettled path to a tax bill this session.
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Democratic National Committee
Congress
Oregon
Washington
California
New Mexico
Arizona
Nevada
Idaho
Texas
Oklahoma
Louisiana
Nebraska
Michigan
Pennsylvania
Hawaii
Ways and Means Committee
Europe
Truman
Taft
Republican Policy Committee
Grain Men Seek Hearing On Grain Price Rise
The Big Four foreign ministers meeting in London sparks pessimism about peace talks. Grain exchanges request joint congressional hearings to probe high cereal prices, blaming government purchases and export patterns while officials argue speculation and export policy elevate costs.
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London
U. S
Great Britain
France
Russia
Germany
Austria
Marshall
Molotov
Bevin
Bidault
James F. Byrnes
Truman
Joint Committee On the Economic Report
Chicago Board of Trade
Kansas City Board of Trade
Minneapolis Fee Exchange
Obert Taft
Jesse P. Wolcott
Mich
Grain Exchange
Washington Headlines and World Shifts in Eastern Europe
Senator Owen Brewster called Howard Hughes flying boat tests gratifying. In Czechoslovakia Klement Gottwald rises as premier consolidating power, shifting the country toward totalitarian rule under Soviet influence and reducing Slovakia to a Russian dominated state.
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Washington
Owen Brewster
Rep
Senate War Investigating Committee
Howard Hughes
Sarasota
Fla
Herald-Tribune
Tacoma
Edgar H. Eisenhower
Eisenhower
Czechoslovakia
Europe
Klement Gottwald
Slovakia
Gottwald
Curbs Off May Raise Prices On Consumer Goods
The removal of installment buying curbs may lift prices as down payments drop and easy terms attract households. Economists warn relaxed credit boosts demand faster than supply, risking inflation and a volatile boom bust cycle in consumer markets.
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Congress
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American Chain & Cable Company, Inc, Acce
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