Sawyer Report Seeks Excise Tax Reduction Next Year
Washington December 29. Secretary of Commerce Charles Sawyer told President Truman he believes excise taxes on furs jewelry luggage and admissions are harming retail sales. His six month survey covered 15 000 miles and 3 000 businessmen and 1 000 labor reps. The report urged moderation in reductions with optimism about near term business prospects.
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Truman Skips Press Parley To Plan Talks
President Truman did not hold his usual news conference to focus on three messages for Congress. The State of the Union is expected early January with economic and budget messages to follow. The budget plan may call for balancing income and outgo, affecting taxes or spending.
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