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Newspaper
Preston Citizen
Location
Preston, Idaho, United States of America
Date
Aug 13, 1959
Page
9
Holland advocates rapid write-offs and reform of depreciation rules to keep the U S competitive. He argues current laws starve industry and government, while experts say reform would boost revenues. He warns against forces favoring nationalization awaiting gains from a weaker tax system.
The proposal envisions a commission to study price support programs production controls and disposal of surpluses and other production related policies for all price supported commodities. It would include two members from private life and would hold public hearings with staff support and a delayed report until after the 1960 elections.
A Treasury review and the American Economic Foundation warn U S tax rules on depreciation reduce replacement of plant and equipment by 5 to 6 billion dollars yearly. They cite Western Electric costs and compare Germany Sweden and Britain allowances to show how faster depreciation spurs economic revival.
Editor and Publisher notes American Motors led with a Rambler 80 percent jump amid a weak U.S. auto market in 1957 while spending over two thirds of its six million dollar advertising budget in newspapers and nothing on television. The piece argues newspapers still outperform TV for ads.
A Time magazine July 20 feature shows public anger at taxes with quotes from a suburban town board president, a Massachusetts Senate leader, and an Illinois legislator. It notes widespread taxpayer weariness, petitions shrinking, and calls to curb inflationary federal spending.
Six people in eastern Idaho were stricken with botulism after eating home canned beets. Two died within three days, and two were critically ill. Health officials warn about bulged containers and odd smells. Boiling foods for five minutes can kill the germs, which thrive in low acid foods and sealed environments.
A plan by Sen John Stennis would create a 12 member nonpartisan commission to study U.S. farm programs and draft new legislation. The commission would be appointed by the president and include eight from government and four from private life to depoliticize farm policy.
Creditors are notified to present all claims against the estate of Taylor Nelson deceased with vouchers to Della Packer Nelson Executrix at Preston Idaho within four months after first publication. Attorney for Executrix P. M. Condie Preston Idaho. First Pub August 13 1959 Last Pub September 3 1959.
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