GOP Leader Attacks JFK Tax Plan and Its Business Cuts
Washington Republican leader Rep. John W. Byrnes challenged President Kennedy's plan to stimulate the economy with business tax cuts tied to new investment. He warned the approach would be an unwarranted government handout to business, hit stockholders, and distort American enterprise while offsetting revenue with other tax revisions. Byrnes, chair of the House Republican Policy Committee, criticized the proposal's concessions for depreciation and dividends, and contrasted it with Democratic support for maintaining current tax rates. The Ways and Means Committee weighed the plan amid debates on corporate tax cuts and dividend taxation.
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Republican Policy Committee
Ways and Means
American World Trade
Eisenhower
Financier Becomes Millionaire in Minute on Stock Exchange
London financier Julian Hodge, once a railway clerk, surged to multimillionaire after his 56 year career rise. Holding 3,187,531 shares, his stake in the firm worth over 4.78 million pounds, with a 275,000 share offer aimed at capital for expansion across finance, real estate and trucking.
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Julian Hodge
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England
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Great Western Railway
Freeway Bridge Bids Due on Long Beach Route
State and Los Angeles County officials call for bids this week to build nine bridges on the San Diego Freeway route between Studebaker Road and Cherry Avenue in Long Beach, plus large Riverside County freeway work. About 3.7 million dollars in state funds are available for the local project with bids opening in Los Angeles.
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Stearns Street
Paulo Verde Avenue
Woodhull Avenue
Felower Boulevard
Bellflower Boulevard
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U.S. 101
Torrance
Manhattan
Investment Trusts in Transit Through Perera Area
Fragmentary OCR text mentions investment trusts and financial terms, with scattered names and locations. Key entities appear as Perera, Daye, Pitel states, and references to banks or funds. Details are unclear due to damaged text, preventing a precise report of actions or dates.
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