30 Per Cent Hike In Taxes
President Truman aims to balance the budget through higher taxes during rearmament. Treasury Secretary Snyder outlined plans possibly lifting overall taxes nearly 30 percent from the present level to fund a record about 45 billion dollars. Discussions point to a 70 billion dollar budget with about 15 billion more in taxes, including proposals for a national sales tax and an excise tax on manufacturers. Senators Byrd Anderson and Rep McCormack weighed steps to reduce non-defense spending, raise existing taxes, and seek new revenue sources.
MENTIONED IN THIS ARTICLE
Washington
Truman
Secretary of the Treasury
Snyder
Treasury
Congress
White House
Byrd D-Val
Byrd
Congressional Economy Forces
Anderson
D-Nm
John McCormack
Massachusetts
House
McCormack
Tax proposal prompts new revenue options beyond limits
The text argues for adding 15 to 20 billion dollars in corporate and individual taxes while avoiding diminishing returns. It suggests a general manufacturers excise tax as a major revenue source, noting the House Ways and Means Committee leads tax legislation and will review the Administration's plan. A line about flour prices shows a misdated jump from 3.8 to 10.1 cents per pound between 1949 and 1948.
MENTIONED IN THIS ARTICLE
House
Ways and Means
No Secret Hormone Grants Eternal Youth Doctor Says
Dr Edwin Jordan argues male sex hormones do not slow aging or grant lasting youth. He notes no evidence that taking hormones improves energy at ages 35 to 50, and attributes fatigue to mental rather than hormonal factors. Some doctors still advise limited testosterone, but overdoing it offers little benefit.
MENTIONED IN THIS ARTICLE
Igor
Eample
Paricutin Volcano Activity Diminishes by 1949
The Paricutin volcano, born in a Mexican field in February 1943, is gradually losing vigor with eruptions slightly less intense and less frequent by the end of 1949. A patent holder need not manufacture or market to keep patent rights.
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NNU
Dorsey
Hamilton
Yo-bu
Maryland
Deqales Service
CANDY
Hershey's
Market ST
Sataie
W. Patrick
Goodrich
BAYER
Kolynos
All Peoples Soda Fountains
TEVER
Dillard’s Aspergum
Hershey's Milk
Peoples
Atari
Thompson
Upjohn’s Unicap
Gamenos Ee
Ronsonos
Roche
Penta Perles
Primanos Cigarros
Stratford Perfecto
Schick
Eversharp Schick
Pack of
Johnson & Johnson
Stratford
Barbara Gould
Gladstone Canasta
Cute
Org
Iinees
Orhans
Int
Lyons Tooth Powder
D. 3
Smith Brothers
Sharp & Dohme
Conti Castile
Williams Aqua Velva
Procter & Gamble
Edwin ¥. Jordan, M.D
NEA
the News
Frederick, Md
Bien
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