Tax Laws Unfair To Poor Families
Ed McDonald discusses two Joint Committee on the Economic Report items. A 1000 page study shows poorer families pay 27 percent of income tax while high earners pay 41 percent, with federal tax progressivity offset by regressive state taxes. A 240 page book highlights low income 20 percent under $2000 and 10 percent under $1000, urging broader public hearings and policy change.
MENTIONED IN THIS ARTICLE
Joint Committee
Washington
William C. Cary
Columbia University
Cary
Louis B. Mayer
Congress
New York
Fred Hall
Kansas
Farm Income Dips Despite Rest of Boom
The third quarter saw a 54 percent drop in farm income as the overall economy hits a record high with GDP at a $392 billion annual rate. Farmers face rising expenses even as consumer spending boosts production. officials downplay the squeeze amid political pressure on Agriculture Secretary Benson.
MENTIONED IN THIS ARTICLE
Washington
President’s Council of Economic Advisers
Council of Economic Advisers
Benson
Potofsky Urges U.S. Cut Arms Budget For Peace
Jacob S. Potofsky, CIO International Affairs Committee chair and Amalgamated Clothing Workers leader, proposes cutting atomic war budgets by five percent and directing the funds to a United Nations agency for peaceful atomic energy. He cites global union support for universal atomic control with inspections and stresses U S leadership to promote disarmament and peacetime energy advances.
MENTIONED IN THIS ARTICLE
New York
N.Y
Jacob S. Potofsky
CIO International Affairs Committee
United States
United Nations
Potofsky
Amalgamated Clothing Workers of America
Also Mentioned on This Page
Ed McDonald
CIO Council
CIO
Record Corporation
Hall
National Republican Club
Republican Party
Country Club
Main Street
Miller Bros
Featuring
Rainbo
Benjamin Moore
Monmouth
Newport
Pike Street
Covington
Montgomery
Glenway
Price Hill
ST. 3Rd
Hamilton
Dr. S. Pollack
Cor
Hotel Cincinnatian
Vine St
Our Lombardo
WSAI
School For Talent
Wcpo-Tv
Cincinnati
the Schoenfing Brewing Company, Cincinnefi 14, Oho
U.S
The
Heart Association
Hono Heart Aims Hotel
Fanger & Rampe, Inc
Pearl & Broadway
Carthage Ave
Norwood, Ohio
Home Beverage
Bob Mosley
HamIlton Ave
Spring Lawn MA
McDevitt's Men’s Shop
Mallory
UNION
Peebles Corner
E. McMillan
Marcus Bloch
Central School
Rivington ST
New York 2
Shelby
Shelby Airflo de Luxe
Airflo
Tack Bicycles
Cleveland
Ohio
Harrison Tire & Rubber CO
N. E. Cor. Court & Race
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