Senate Passes Tax Measure Easing Movie Taxes
The Senate advanced a complex revision aimed at closing tax loopholes and easing burdens across the revenue code. A new small business relief section would grant up to 250 million dollars in annual tax relief, while other provisions raised depreciation write offs and extended credits for certain taxpayers and entertainment tickets. The bill now heads to conference with House changes under a backdrop of adjournment timing and ongoing tax debate.
MENTIONED IN THIS ARTICLE
Uence
Senate Finance Committee
Washington
Senate
Congress
Herman Talmadge
D-Gr
Thej
House
Eisenhower Signs Bill Extending School Aid Program
President Eisenhower reluctantly signed a bill continuing federal aid to overcrowded school districts. The program runs to 1961 with about 70 million dollars annually for operating costs and roughly 110 million for construction. He cited reservations to avoid depriving districts of funds while noting the differing impact on families living on federal property.
MENTIONED IN THIS ARTICLE
Washington
Eisenhower
Philippines adds fighter squadron to air defenses
The Philippine Air Force announced that its 6th Fighter Squadron trained with the U.S. 13th Air Force at Clark Field and has been added as a combat-ready unit. It is composed of F86 Sabre jets.
MENTIONED IN THIS ARTICLE
Philippines
Manila
APS
Philippine Air Force
U.S. 13Th Air Force
Clark I Field
Ike Signs Carb on Switchblades WASHINGTON
President Eisenhower signed into law a bill banning interstate shipment of switchblades. The law provides penalties of up to a $2,000 fine and five years in prison for violations.
MENTIONED IN THIS ARTICLE
Washington
UPS
Eisenhower
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Knights of the Square Table
Long Beach Veterans Hospital
Garden Wedding Chapel
E. 3Rd St
Jeff
Antone Hardway
Lar! C. Pedford
Cornell Ison
4. J
Tony) Burruel
Alfred Stewart
Ray Morris
Calvin Adams
Frank Hall Jr
Pete Schwenk
Allen Foshee
George W. Malone
R-Nev
Alan Bible
D-Nev
Ray Noy
Nararad
Chan
Goriel Flipetiaga
Ehrouss
Preaure
Sdnay Traubie Ry
Teovile Lumboyo
Marvavinesy
Long Beach
Wuble
Fiend Star
Uleara
Ofpice Anurs
Dr. Chan
D.C. Chinesa
Xara
Long Keach
Ike
Greer Guniture
Tolor Gorrelat
Tollf
Wad
SRE
Allen's TV
Palo Verde
Barcos TV
East
Buck
Dean
Dooley's Hardware Mart
Philco
Baby Alligator
Baby Agator
Bellflower Garden Grove
San Pedro
Fraderick's
Atlantic
Frederick's
TV Center
East 7Th St
House of TV
East Second St
Hub Furniture
Atlantio
Kirklan
Atlantic Ave
Morey
Fina
Signal Radio & TV
Atlansic Ye
Odrive
American Ave
Lakewood
Butler Bros
Lakewood Blvd
Anaheim
Arlington
Bellflower Blvd
Compton
Foreman's TV Mart
Hab Furniture
Wygaard
Costa Mesa
Harbor Appl
Salus Co
Harbor Blvd
Brookhurst
Lynwood
California
Long Beach Blvd
Paramount
Goodwin TV
Garfield
Ben's TV
Alnth St
Torrance
Certi Bond
BOF
Arlington Qan
Cravens
Wilmington
Fred's Furniture
321
Pacille Ganst
T.L
America
Tye
Trust Company
Spring Street
Los Angeles
Madison
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