House Ways and Means backs five point corporate tax rise
Washington May 10 The House Ways and Means Committee voted to add five percentage points to corporate tax rates raising the first bracket to 30 percent and the over 25 000 bracket to 52 percent effective rates with an overall ceiling of 67 percent. The plan would shift about 5.46 billion dollars in new revenue over two weeks of deliberations and faces further Senate action.
MENTIONED IN THIS ARTICLE
Washington
House Ways and Means
Secretary of the Treasury
Snyder
Doughton
D-Nc
House
Senate
Congress
Amputee flier in plane crash found in Alleghenies
Richard Adair of Danville Illinois, 23, had his leg amputated after lying three days in a mountain wilderness following a crash that killed the pilot. Surgeon J M Korns reported Adair in satisfactory condition. Timber surveyors found him Tuesday near the Allegheny Mountains while following a route toward Baltimore from Illinois.
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Somerset
Jeff
Richard Adair
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J. M. Korns
Adair
Allegheny
Robert Seymour
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Jogt
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Baltimore
Illinois
Here
Seymour
Marshall Says United States Will Use Veto Over Red China In U N
General Marshall stated the U S should veto Red China’s entry to the United Nations if needed. He defended the Asia policy against charges of prejudice and denied that MacArthur’s ouster stemmed from anti Communist bias. He recounted past proposals to guarantee Communist leaders’ safety and party participation if allowed to compete in elections.
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Land of
Formosa
Gev
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Red Army
Smith
R-Nj
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America
Sue Peg Ims
Price
Marshall Denies MacArthur Proposal While Senate Probes Asia Policy
General Marshall testifies he recalls no MacArthur proposal to attack Reds and rejects bombing China as too risky. Letter hints at a State Department China group, tied to Vincent, McCarthy targets, and a dispute over U. S. policy in Asia. Damone inducted into service, leaving $75 pay.
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Asia
Russia
United States
Senate votes to cut off aid to nations trading with Communists
The Senate passed a 431,477 dollar appropriation bill aimed at ending aid to any nation allowing arms or war materials to Communist areas. The vote seals a hard ban, as conferees are urged to reject watered-down language, with Senator Kem leading the push and Senator Wherry backing the no-compromise stance.
MENTIONED IN THIS ARTICLE
Washington
Senate
House
Wherry
Nebraska
Kem
R-Mo
Ridgway Approved for Four Star General Rank
The Senate unanimously approved Lt. Gen. Matthew B. Ridgway for promotion to four star general in his role succeeding General Douglas MacArthur. Senator Cain praised Ridgway for courage and leadership on Korean battlefields. The vote was non-record.
MENTIONED IN THIS ARTICLE
Washington
Senate
Matthew B. Ridgway
Douglas MacArthur
Cain
R-Wash
Ridgway
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