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News in Frederick, Maryland

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This newspaper page contains 3 articles. Subscribers can read the full text of each article.

Newspaper

News

Location

Frederick, Maryland, United States of America

Date

Jan 09, 1948

Page

3

Renewal Of Rationing Hearings Set

Washington hearings on rationing and wage price controls were scheduled to begin next week with Government witnesses and later expand to a meat rationing bill. Senator Taft supported a voluntary banking credit plan from the ABA, while Tobey aims to press Truman’s request for broader powers. The House and Senate remain divided on new controls, with rent controls set to continue and broader price and wage measures to be watched. Also reported is Maryland's pig crop rise in 1947 with 172,000 pigs and 1,000 more sows farrowing than last year.

Washington Truman Tobey Senate Banking Committee Flanders Taft Ohio American Bankers’ Association ABA Wolcott House Banking Committee House Treasury Federal Reserve Board Congress Higher College Park Maryland Department of Agriculture

Taft Warns Truman Plan Brings Bankruptcy And Control

Senator Taft denounces President Truman's economic program as risking national bankruptcy and a totalitarian state. He accuses Truman of Santa Claus spending, higher corporate taxes while expanding business, and criticizes universal military training as part of a broader power grab for 1948.

Washington Taft Ohio Truman Republican Policy Committee Senate ABC Network Bir Santa Claus United States Mr. Truman Stalin Russia

Taft Attacks Truman Tax Plans And Inflation Fight

Taft criticizes the Presidents tax cut plan as discriminatory and fears shifting taxes to the majority. He cites corporation taxes at 38 percent with proposed 50 percent hikes harming production. He calls for cutting government costs and scrutinizing expenditures including the Marshall Plan to eliminate nonessentials. Mr Hooper marks his 10th birthday at 118 West South Street.

Taft Truman Republican Congress CPA G. William Hooper West South Street

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