Weekly analysis cites small business peril and pay-as-you-go tax
Series highlights peril faced by small businesses and notes Congress approves a pay-as-you-go tax program. It also reports military actions with Fifth Russ offensive battering Nazis.
28 Jan 1943
Page 1
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Newspaper
Renwick Times
Location
Renwick, Iowa, United States of America
Date
Jan 28, 1943
Page
1
Series highlights peril faced by small businesses and notes Congress approves a pay-as-you-go tax program. It also reports military actions with Fifth Russ offensive battering Nazis.
Note from the ePaper Cr Holme column indicates this enotes section reflects a syne column style and may not represent the issuing Western Newspaper Alliance. The text reads as a disclaimer about editorial perspective and provided analysis.
Washington debate centers on a pay as you go income tax to fund multi billion war effort costs. Treasury backs a Bennet Clark bill proposing a 39 percent withholding tax plus a 5 percent victory tax to reach 22 percent overall. Implemented March 35, it bases levies on 1829 income and on monthly pay, interest, and dividends.
Fragmented OCR notes show a December index rise of 9 to 11 percent with references to the Secretary of Labor and World War context. The text is garbled, mentioning ownerships, months, and consuls, but the key point is an index increase. No clear date or location is readable.
French forces push toward Sousse threatening Axis supply routes in central Tunisia. British minister Hercié Mac Millan predicts a possible agreement between Gen. Henri Giroud and Gen. Charles de Gaulle to ease North Africa administration. A three way struggle involves Americans, the Vien, and Fascists, with Royals seeking to profit from the conflict.
Economists noted wartime strain on U S small firms but Harold Ickes, the interior secretary, framed the crisis as a potential final blow. He told the Senate small business committee that war contracts favor large corporations and warned that loss of enterprise could yield corporate dictatorship over jobs.
Red forces drive toward Voronezh along a 1600 mile Soviet line from Moscow to the Black Sea. The operation, cited as the supreme Red Water effort, shifts German defense and keeps the initiative with the Soviets as they press in the Caucasus and around Stalingrad.
Air tempo reports Allied planes roared over Ruhr valley targets and Lille slaughtering raids while Abbeville and St Omer near the coast felt the blows. Mediterranean bases harbored bombers attacking Crete Sicily Lemnos and Africa targets near Tripoli Sousse and Stax location names reflect ongoing operations across theater.
In London a proclamation reduces the eye draft entry age from 20 to 19 for women, enabling single women born July 1 to December 31, 1922 to choose work in war industries, university services, or nursing before national war work. Yale opens the army air force technical command school on campus in New Haven, with 4,060 officer candidates quartered.
The Sve Sullivan brothers of World War II became famed figures akin to earlier siblings. Rayne navy reports declared them missing in action while aboard shipmates on the Juneau during the Pearl Harbor era. The five brothers George T., 39, Francis H., 26, Joseph E., 23, Madison, 22, and Albert L., 30, were seamen and servicemen.
Allied air and naval offensives pressed against Japanese positions in New Guinea and the Solomons as rains hindered ground fighting. Flying Fortresses aided medium bombers while fighters hit Lae Salaman Buna and surrounding harbors. Guadalcanal saw a three day advance isolating several Japanese positions and raids continued on Munda Island.
A set of ten statements by Nazi leaders including Dr. Paul Joseph Goebbels and General Kurt Dietmar reveals waning home front morale. Goebbels urges belt tightening and warns burdens will increase, while Dietmar warns of new restrictions to bolster troop draws as Russian advances threaten the southern front.
Navy announces two rules to speed mail to personnel overseas in the Navy Marine Corps and Coast Guard. Parcels must weigh no more than two pounds and measure no more than 15 inches in length and 38 inches in girth. Inappropriate second and third class matter such as advertising circulars will not be forwarded overseas.
A report to Congress by the Tolan committee critiques war output management as maladministration and hazardous handling. The 32 member panel studied production and manpower measures for months, contrasting praise with accusations of failure to utilize small industry in the war effort.
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