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Newspaper
Troy Record
Location
Troy, New York, United States of America
Date
Sep 06, 1955
Page
13
High ranking officials say if President Eisenhower asks Congress to cut taxes next year he will propose a general reduction split between the average taxpayer and business. no single area such as individual income taxes would bear the entire burden.
The article outlines how the administration aims to balance the budget by next June 30 and suggests any tax cuts would be broad based rather than targeted. It notes tax reductions would depend on budget size and current economic conditions, with a focus on growth and avoiding inflation or deflation.
Officials note no immediate $7.4 billion tax cut and that easier savings are exhausted. Expiration dates for the 52 percent corporate tax and wartime excises loom, keeping revenue at risk. The President is expected to seek partial continuation to preserve about $2.7 billion annually, shaping next year’s congressional fight.
The Baltimore Optimist Club votes on shorts at a symposium as members debate sport wear for home use, dressy occasions, and business settings. A gray haired investor broker appears in shorts for formal wear while the group considers downtown and suburban wear rules.
Sightseeing tours of Cologne have resumed under the Municipal Tourist Office for the first time since the war. The program aims to showcase major landmarks and attract visitors amid postwar recovery.
At Columbus Ohio Lockbourne Air Force Base five card handling machines will cut paperwork and halve staff in the base file section. Automated forms filing will reduce space. a card fed machine updates inventory and frees three typewriters. Similar equipment planned at Offutt AFB and Castle AFB.
The American Hotel Association reports motorists now travel about 1600 miles yearly, a marked increase from former distances, with US drivers covering over 25 000 percent more in travel according to recent figures.
Cape Hatteras faces treacherous seas as radar upgrades at the Weather Bureau station promise better tracking and warnings for hurricanes sweeping from the Caribbean. Additional radar staff will support storm season, aiding seaborne vessels near the Cape and contributing to the Cape Hatteras National Seashore development efforts begun in 1937.
Tourists flock to a coast where wrecks lie as gaunt ribs of ships. The silent remains endure as memorials to sailors who perished in storms and battles with the sea long before radar existed.
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