Boom in income fuels consumer spending and debt
Personal income tops 300 billion dollars annually for the first time, lifting retail sales and encouraging installment purchases. Strong employment, longer weeks, and higher wages push incomes up, boosting producers of raw materials, factories, construction, and tools while savers rise modestly as debt climbs.
MENTIONED IN THIS ARTICLE
Sam Dawson
New York
Department of Commerce
Gasoline Tax Hike Questioned in West Virginia Suit
West Virginia Gasoline Dealers Assn plans a suit in Kanawha County Circuit Court to challenge a 1955 tax increase from one to six cents a gallon. The case hinges on whether the measure was constitutionally passed before the 60 day session deadline. The action aims to test the legality of the tax rise and the legislative process used.
MENTIONED IN THIS ARTICLE
Charleston
West Virginia Gasoline Dealers Assn
Parkersburg
Kanawha County
State Tax Department
Charles Bell
Wellsburg
Daniel B. Douglass
Ohio Valley Gasoline Retailers Assn
State Supreme Court
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