Simpson Sees Possible 4 Percent Corporate Tax Cut
Washington Rep Richard M Simpson says Congress may compromise to cut corporate income tax by about 4 percent on April 1. The move would offset part of the planned 52 to 47 percent rate reduction and could help balance the budget if excise tax changes follow. The administration opposes immediate cuts, aiming for a balanced plan with broader tax reform and preserving revenue.
MENTIONED IN THIS ARTICLE
Washington
Richard M. Simpson
R-Pa
Congress
Eisenhower
Simpson
House
Ways and Means
New Record Reported in Cigaret Use
Washington reports record cigarette consumption for the 12 months ended, with nearly 397 billion cigarettes and about 6 billion cigars used, up around 344 to 345 percent from the prior year. Tobacco output declined overall, with chewing tobacco at a new low, and rural cigarette prices averaging about 22.4 cents per pack.
MENTIONED IN THIS ARTICLE
Washington
Agriculture Department
Benson Tells Drawbacks in Farm Plan
Mineral Springs, D. C. Secretary of Agriculture Benson says current farm programs keep farmer income and security low while increasing Washington dependence. He argues against vast food and fiber stocks and priceouts, urging targeted improvements rather than lower prices. Some commodities like tobacco may already be functioning well, others need practical changes. Look for 37 in the Classified section.
MENTIONED IN THIS ARTICLE
Mineral Springs
D. C
Benson
Washington
Genson
Darlington County Agricultural Society
Shell Premium with TCP additive boosts engine power gains
Shell Research unveils TCP to combat combustion deposits on spark plugs causing misfires and pre ignition. Blended into Shell Premium, TCP claims up to 15 percent more power, up to 150 percent longer spark plug life, and better gas mileage. Available at all Shell dealer stations.
MENTIONED IN THIS ARTICLE
Shell
Hill
Shell Research
Shell Premium
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