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Bill to tax GIs and officers under new Korea war plan
Senate finance committee approved a Truman tax program to raise about 5 billion dollars annually, with GI exemptions and officer tax relief. The plan would withhold more from wages starting Oct 1 and raise corporate taxes to 45 percent on half of 1950 income, aiming to finance Korea war rearmament.
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Congress
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Korea
Truman
America
Senate Finance Committee
Treasury
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Georgia
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Colorado
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