Support Costs Underestimated
Senator Ellender said the administration may be balancing the budget on paper by underestimating next year’s farm price support costs. President Eisenhower's budget set price support losses at 1.591 billion for the year starting July 1, 485 million less than the current year, with a predicted surplus of 435 million that would be wiped out if costs meet estimates. Senator Capehart urged creation of an agency to reduce eight billion dollars in government held surpluses, calling for action on the farmers’ dire situation. The Senate Agriculture Committee plans hearings and swift bill drafting.
MENTIONED IN THIS ARTICLE
Washington
Ellender
D-La
Eisenhower
Congress
Agriculture Department
Senate Agriculture Committee
Sen. Capehart
R-Ind
Record Year For Home Construction
The Labor Department reports 1,330,000 nonfarm homes began in 1955, a record for privately owned single family houses but below the 1,396,000 nonfarm homes started in 1950. Overall housing starts lag behind the 1950 peak, with a 9 percent rise from 1954.
MENTIONED IN THIS ARTICLE
Washington
Labor Department
Department
Bureau of Labor Statistics
Still Hopeful Of Tax Slash
Washington reports President Eisenhower quieted calls for a general tax cut in an election year while urging prudence on tax slashing. He sent a balanced budget for this year and next with surpluses, touting aim to reduce the national debt, as Democrats urged caution until first quarter receipts are in. Senator George of Georgia said the tax cut debate hinges on the year’s first quarter figures, adding he remains hopeful a deficit can be avoided.
MENTIONED IN THIS ARTICLE
Washington
Eisenhower
Congress
Sen
George
D-Ga
Budget plan disappoints lawmakers on tax cuts
Chairman Cannon of the House Appropriations Committee said the budget offered no hope or prospect of reducing taxes, expressing disappointment at the plan.
MENTIONED IN THIS ARTICLE
Cannon
D-Mo
House Appropriations Committee
American male getting bigger through 25 years
Cincinnati report from the International Assn of Clothing Designers notes the average man’s suit size rising from 38 to just over 41 over 25 years. The typical height shifted from five feet to about five feet ten inches to five feet eleven inches.
MENTIONED IN THIS ARTICLE
Cincinnati
International Assn. of
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Dean Berlin
Jist
Suede Shoes
Michalene Winkle
Hobbs
N.M
Michalene
John G. Kaiser
Masonic
Sawson Butte
P.O
Ottawa
Kansas
Anker Sewing Machine CO
Main JE
Arce
Yurens
Money Books
Posture Crown Center
Ideal
DuPont
Sele
Sela
DiyPent
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