Tax Increase Plea Reflects Defense and Inflation Fears
Fragmented text shows debates over a tax increase to fund defense and inflation relief. The lines mention Korea and Europe, urging action to raise funds while controlling inflation.
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Newspaper
Clifton Record
Location
Clifton, Texas, United States of America
Date
Jan 19, 1951
Page
9
Fragmented text shows debates over a tax increase to fund defense and inflation relief. The lines mention Korea and Europe, urging action to raise funds while controlling inflation.
A Texas congressman discusses tax strategy arguing higher federal taxes are needed to fund defense and investment. He urges keeping a large share of income with taxpayers to boost spending on goods and new plants, while acknowledging possible Democratic missteps and upcoming Ways and Means Committee review.
Mr and Mrs L L Duke celebrated their 50th wedding anniversary with a pewter table centerpiece and an evening gathering. Their children and families attended from Shreveport Fort Worth Waco and Oklahoma with the Duke mattress maker husband famed as a skilled fisherman in the county.
Leaders report Texas production credit associations ended their first year without government capital with strong gains in loans cash collections and capital stock. Loans totaled 127.2 million up 15.3 percent from 1949 as collections rose about 8.6 percent to 106.2 million. Liquidation was robust in cattle sheep wool rice and cotton while carryovers were heaviest in Northeast Texas Corpus Christi country and the Panhandle amid uneven rainfall.
Clifton based Boettcher Grain and Lumber Co requests oats corn barley wheat and spelled barley from local growers. Market terms offered per year vary with volume and quality.
Mr and Mrs Fritz Thiele were honored on their 40th anniversary with a gathering in Clifton. Guests included Henry Anger Bill Landgraf Rev Wm Anderson Gus Sommerfield Victor Thiele and families J A Rekert Eckert and Frank. Food and refreshments followed in the evening.
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