Trickle Down Tax Policy Boosts Big Biz Yet Leaves Poor Worse Off
The piece argues that tax breaks for corporations did little for workers, citing GM and U S Steel profits and tax savings, while unemployment rose in 1954 and 1955 outlook stays weak. It notes rising poor relief costs in Ohio and calls the trickle down theory a flop so far.
MENTIONED IN THIS ARTICLE
83D
Congress
General Motors
Ohio
U.S. Steel
Ohio Department of Welfare
Ohio Legislature Faces Quiet Session Amid Unemployment Debate
Lawmakers in Columbus show no new progress on unemployment compensation reform as a right to work bill advances with little support beyond employers. State figures reveal a 47.2 percent drop in contributions after rate cuts, while the Ohio School Survey Committee highlights lagging school funding and outcomes. Secretary Mitchell urges higher minimum wages, longer unemployment benefits, and boosted injured worker compensation nationwide.
MENTIONED IN THIS ARTICLE
CIO
Ole Faithful
Robert A. Pollock
R. Canton
Ohio
Ohio Bureau of Unemployment Compensation
BUC
Ohio School Survey Committee
National Administration
Mitchell
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