Corporation Levy To Take Place Of Excise
The House Ways and Means Committee approved a 433 million dollar boost in the yearly tax on large corporations as part of a plan to cut the excise tax burden. If enacted, big companies would face a 21 percent normal rate with a 20 percent surtax on earnings over 25 thousand, effective after December 31 1949. The move aims to offset other tax changes and fund an overall excise cut benefiting smaller corporations. Endorsed by most Democrats on the committee, the plan would shift the tax structure and raise revenue to offset the proposed cuts. The full Congress and President Truman may approve before July 31 with a potential September 1 implementation for targeted excises.
MENTIONED IN THIS ARTICLE
Washington
House
Ways and Means Committee
Truman
Congress
Truman Said to Back Greater Corporate Tax Cuts
President proposed raising the corporate rate to 42 percent for larger profits while easing taxes for smaller corporations. Committee staff compared current taxes with a new plan, showing various income levels from 10 000 to 10 million dollars. Democratic leaders visited Truman and signaled willingness to support a billion dollar excise cut if offset by other revenue so the treasury would not lose net.
MENTIONED IN THIS ARTICLE
Truman
Treasury
McSherry Plans House Candidacy in Democratic Field
Frederick attorney James McSherry announced plans to file today as a candidate for the House of Delegates in the September Democratic primary. A Georgetown 1942 graduate, he served in the U S Navy Reserve including amphibious landings, then attended University of Maryland Law School and was admitted to the bar in 1948. He has practiced law in Frederick since November 1948 and is the son of Mr and Mrs W Clinton McSherry.
MENTIONED IN THIS ARTICLE
James McSherry
House of Delegates
Frederick
McSherry
Georgetown Universit
UWS Naval Reserve
Atlantic
Pacific
University of Maryland Law School
W Clinton McSherry
Community Leader James Mc Sherry Remembered for Law Practice
The late Chief Judge James Mc Sherry who practiced law with his father was a member of the American Legion Knights of Columbus Rotary Club Junior Chamber of Commerce and the JCC Glee Club.
MENTIONED IN THIS ARTICLE
James McSherry
Heiso
American Tegen
Knights of Columbus
Rotary Club Junior Chamber of Commerce
JCC Glee Club
Peoples Court Cases Heard On Monday Morning
Accused of speech greater than reasonable, Jesse M Burall Monro vig found guilty before Magistrate Alan Y Bentrett and fined 325 dollars. Arrests by State Troopers near Urbana Ridgeville and five miles south of Fredernck on Route 24. Other convictions include Lorri C Young passing on a curve with fines 575 dollars plus costs. Collateral forfeitures listed for tags violations and reckless driving across multiple states with numerous amounts.
MENTIONED IN THIS ARTICLE
Jesse M. Burall
Monrovig
Alan Y Bentrett
Peoples Court
Urbana
Patrick Stakem
Jr Lorri C Young
Knoxwilke
R A Myers
Fredenck
Paul Snowden
Mt Airy
Nole
Charles Smolser
Union Bridge
D. A Tucker
Ridgeville
Charles W. Lowe
Leo Fo Welle
Rowen Thurmont
William F Sehearer
Richmond
Robert M. Bryan
Baltimore
John M Tremmer
Upper Darby
Harry Wo Atkins
Clearbrook
Leslie DR. de Haven
Rockville
Bertalow Olak
Pittsburg
Jesse D. Sturgis
Elsie
Oliver Stevens
Detroit
Multiple Traffic Offenses In Maryland and Nearby States
A list of individuals from Maryland West Virginia Ohio and Virginia cited for traffic violations and speeding. Notable names include Henry Shepherd of Shepherdstown W V and George S Stackett of Alexandria VA. Arrests were made by State Police Lt Walter Ko Mas with troopers Lauren M Ridge Tucker Stakem and Myers.
MENTIONED IN THIS ARTICLE
Henry Shepherd
Shepherdstown
W. Va
James Vi Sprig
Hoye
William EO Fogle
Walkersville
Luther A Zimmerman
Taneytown
Alfed Lo Scott
Boland Casenne
Spotlight
George S| Stackett
Alexandria
Passeng
The News Frederick 1950 Item
The June 20 1950 Frederick edition presents local news briefs, updates on community happenings, and notices from city officials, featuring short reports on events, business openings, public meetings, and community milestones.
MENTIONED IN THIS ARTICLE
the News
Frederick, Md
Pace of Md hospital program expands with new bids
Bids are sought for multiple construction projects as the Pace of Maryland Hospital program plans a September start. Projects include a 100 bed unit at Springfield State Mental Hospital, a psychiatric unit at University Hospital Baltimore, and additional infirmaries at Rosewood, Spring Grove, and Crownsville. Estimated costs range from 4 million to 12.5 million, with openings staggered from July to August. Local officials aim to add space for tuberculosis treatment and for mental health facilities.
MENTIONED IN THIS ARTICLE
Ballamere de
Masvdanes Hospital
Wilk
Vihear Melude
Mount Wilson
University Hospital
Baltimore
Springfield State Mental Hospital
Spring Grove
Rosewood Training School
Springfield
Crownsville
Also Mentioned on This Page
Milk Brigade
Pittsburgh
Ray W. Wahl
Lee Place
Mrybody
Haring Ie
Mccurdy Field
Burke Street
South End Civic Assoc., Inc
Woile
Organdy
Batiste
L’aiglon
McKettrick
Tailortown
Jonathan Logan
Westover
Nan Scott
Teena Paige
Pam Rogers
Cotton Club
The
Parsons Co
South Market Street
Noxzema
Ritchie Associates Finance Corporation
East Church Street
Marsland
David Bradley
Prak
Sears
Cele
Uma
Bild AE
David Bradley Rake
Anne Toaca Sears
S. Market ST
Naewsen Pre
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