Compromise Excise Tax Bill Approved by House
The House approved a compromise excise tax bill along with two related measures to adjust special tax benefits. The package includes a small business tax proposal estimated to cost 250 million dollars in its first year and a 42 million dollar annual revenue loss from the excise revision. It also extends the whisky distilleries’ stock retention period to 20 years and provides various targeted relief for theaters pools schools and investors.
MENTIONED IN THIS ARTICLE
Washington
Thouse
Senate House
Bath Senate
House
Congress
Eisenhower
Food Additives Ban And Tax Relief Measures
A reported tax revision debate centers on easing the admissions tax to exempt low admissions and to provide tax relief for small businesses. The measures would extend depreciation writeoffs, extend carryback periods, and allow ordinary income treatment of losses. A related bill would ban estate taxes on certain business uses and address safety testing of additives.
MENTIONED IN THIS ARTICLE
Jaimenk
Flouso
Lalso
Senate
Washington
UPI
Vance
Farm Bill Approved by House
The House passed a compromise farm bill in a late action pushed by farm belt interests and cotton textile groups. It suspends sharp next year cuts to cotton and rice planting allowances, keeping cotton acreage around 16 million acres and rice near current levels as it heads to conference with the Senate.
MENTIONED IN THIS ARTICLE
Washington U
House
Senate
Congress
Union Takeover Probe Ties Hoffa To Taxi Firm
A former manager of an Indianapolis taxi company testified that Teamsters officials moved to run State Cab Co after he became manager in 1954. Wagner said Zapas and San Soucie told him Probstein would not handle affairs and he would take orders from Zapas. Hoffa testified he and Brennan loaned Probstein $8,000 from their Michigan holdings, with limited repayment. The Senate probe pursues leads from a 1953 House inquiry into Hoffa.
MENTIONED IN THIS ARTICLE
Washington GP
Indianapolis
Teamster
Hugh Wagner
Seakite Rackets
Dave Probstein
Wagner
Teamsters
James R. Hoffa
Probstein
Senators
House
Hoffa
Gene San Soucie
Gus Zapas
State Cab Co
Zapas
The
Bartenders Union
Indiana Conference of Teamsterms
Len Soucie
Mysel
Kennedy
Owen Bert Brennan
International Teamsters
pHa
Hoburn
Test
Fleet Corp
Michigan
U N Session Urges Calm as Arab Crisis Looms
United Nations emergency session opens with sober mood over Arab East crisis. US pledges support for viable Arab economic goals while urging stability. Soviet Union moves cautiously seeking economic gains but wary of Western influence. Gamal Abdel Nasser seen as potential regional master, with Cairo anxious over influence. US President’s proposals receive cautious Arab acceptance emphasis on economic program and credibility.
MENTIONED IN THIS ARTICLE
William L. Ryan
United Nations
U. N
United States
Eisenhower
Soviet Union
Gamal Abdel Nasser
United Arab Republic
Cairo
U.S
Knowland urges Californians to curb narcotics problem
Senator William F. Knowland urged Californians to join bel hing efforts to curb narcotic addiction which he said is increasing. He praised a citizens group and the State Legislature for their concern over narcotics. He cited Bureau of Narcotics records showing California last year surpassed Illinois to become the state with the second highest number of known addicts.
MENTIONED IN THIS ARTICLE
Washington
William F. Knowland
Senate approves broad federal aid to education bill
The Senate passed a large education aid measure 62 to 26 after a 14 hour session. The bill costs about 1.3 billion dollars, differs from the House version, and includes scholarships for about 23,000 students while debating grants and loans. An amendment to fund 2 billion for construction and salaries was rejected 1430.
MENTIONED IN THIS ARTICLE
Washington
Senate
House
Sen.John, S.cooper
McNamara
Also Mentioned on This Page
Washington State Penitentiary
Dent Mountain
Malott
Okanogan County
Union
Robert F. Kennedy Qelew
angYy
Nasser
U.N
Caleen
Jock
Knowland
Neler Ieoan A
Community Savings
Bex A. Dunn
Prisident
Compion, 417
L Compton Bird
Long Beach
Santa Ang
Busfums
Hula Hoop
Buffumns
Douglas Lawton
Miami
Fla
Sarasota
Floyd Appel
Robert Lawton
J. E. Morgan
Richard Lawton
Lanier Maple Shoppe
Atlantic. Ave
Atlantic Theatre
North Long Beach
Garfield
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