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This newspaper page contains 3 articles. Subscribers can read the full text of each article.
Newspaper
Denton Journal
Location
Denton, Maryland, United States of America
Date
Jan 13, 1950
Page
4
The piece compares meat prices and take home pay in Russia with those in the United States. It argues Russian state controls and lack of competition yield scarce meat and a diet reliant on fixed price bread, while the U.S. benefits from free agriculture, competitive meat packing, and robust retail markets.
Secretary Sawyer signals he will urge President Truman to recommend repeal of emergency excise taxes seen as a business incentive. Taxes on cosmetics, leather goods, travel items and services harmed sales, reduced employment, and are said to be unnecessary now that the war emergency is over.
A corporate spokesman told a congressional committee that big business and small business depend on each other. Using nylon as an example, he noted a $1.92 raw material cost to make a dress priced at $49.95, with the rest covering spinners, weavers, finishers, cutters, and retailers who transform materials into goods. He argued big business creates and supports many small businesses and that both serve the public, reflecting strength in a U.S. economy with room for firms of all sizes.
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