U S Defense Budget Near Pass in Senate-House Talks
Congress moves toward final agreement on a defense bill totaling about 57.2 billion dollars for the fiscal year. Conferees face disagreements over reservist recall provisions while President Truman seeks swift passage to bolster military strength amid Russia’s atom bomb tests. The measure funds the Army Navy and Air Force with an emergency air power fund of 1 billion dollars, pending Senate approval.
MENTIONED IN THIS ARTICLE
Mahon
Texas
Russia
Atomic Energy Commission
Senate
House
Truman
Congress
House approves 45 million for defense roads
Washington date reports the House approved a bill to raise federal funds to 45 million dollars for construction of access roads deemed essential to national defense. The measure aims to expand roadway links critical to military and strategic needs nationwide.
MENTIONED IN THIS ARTICLE
Washington
House
Foreign Aid Bill Delayed in House
Washington Oct 4 The House delayed a final vote on a 7.483 billion dollar foreign aid bill for military and economic aid to foreign nations. Speaker Rayburn cited banking committee attendance issues over an Export-Import Bank provision added by the Senate. The measure lacks new money but the appropriations committee plans a cash-up plan next week. The total is below the Presidents 8.5 billion request but above many Republicans views. It would allow up to 10 percent reallocation to Europe and replaces the ECA with a new mutual security agency to oversee aid.
MENTIONED IN THIS ARTICLE
Washington
House
Rayburn
Banking Committee
Senate
House Appropriations Committee
Europe
Economic Cooperation Administration
ECA
Five Points Cleared Senate House Tax Bill Progress
The Senate House conference committee made progress on a multibillion dollar tax bill. They agreed to raise corporate rates to 30 percent, keep surtax at 22 percent, and set a combined rate of 52 percent over $25,000. Other decisions set April 1 1951 for the corporate increase and November 1 for higher individual taxes, plus targeted exemptions for single heads of households and extended armed forces tax relief. Disputes loom over taxing cooperatives and mutuals, with paper dividends by co-ops facing reporting requirements to the IRS.
MENTIONED IN THIS ARTICLE
Washington
Senate-House Conference Committee
House
Senate
Coop
Internal Revenue Commissioner
Four Safe After Difficult Rescue
Four sea battered sailors recuperated in San Francisco after a dramatic rope ascent up a 400 foot cliff. An eight man Coast Guard team hoisted them from a desolate beach after failed sea and air attempts. The rescued include Tommy Ryan a 20 year old Oakland Seaman and Lourakis the San Diego boat skipper. Garcia of Ensenada and Zorate of San Diego were uninjured.
MENTIONED IN THIS ARTICLE
San Francisco
Coast Guard
Here
Lourakis
Tommy Ryan
Oakland
George Lourakis
San Diego
Mendogino County
Ryan
Marine Hospital
Alonzo Garcia
Ensenada
Mexico
Hubert Zorate
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Gabardine
Hollywood Blouse Shop
American Avenue
Russ
U. S. Defense Fund
Senate House
Sam Rayburn
Ghigaco
Wilton
Ralphs Banana Nut
Sparkeeta
Hocean
Geox
Ralphs
U.S
Gov't
Swift's
Gakite
Everywomen’s Magazine
SWIFT
Iowa
Chuck
Braunschweiger
Bee Eee
Minnesota
Contadina
Pacific
del Monte
Baker's
Lisby's
Skaggs
Bee
AJAX
Clorox
Durkee
Wirthie Ee
Alia
Idaho
Minute Maid
Vermont
Stokely
Selb, Sack
Beet
Sack
Long Beach
Cherry
Tenth and
St. Louis Street
California
PIUMA
Pacific Wines
Angeles
Inis
Irs
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