CED Backs $2 Billion Tax Cut With Safeguards
The Committee for Economic Development urges a $2 billion or larger tax cut next January if the budget allows and inflation remains in check. It cautions against cuts with small surpluses and favors using the cash budget to guide policy while weighing progress on debt and employment.
MENTIONED IN THIS ARTICLE
Washington
Committee For Economic Development
CED
Eisenhower Administration
Congress
Treasury
Personal income hits record in April at 317 billion
Commerce Department data show April personal income rising to a record 317 billion annual rate, nearly two billion higher than March. Farm income jumped to 14.6 billion in April, the strongest monthly farm income since November, with year to date farm income near 14.3 billion and under 1955’s total.
MENTIONED IN THIS ARTICLE
Washington
Commerce Department
Farmers Told Soil Bank Pay Must Be Earned
Government officials said soil bank payments depend on farmer effort not on natural losses. There will be no compensation for crop reductions due to accidents or weather and payments hinge on acreage reduction. June 18 is the likely farm level payment date, with details still being worked out. Secretary Benson called the soil bank response a drought relief measure.
MENTIONED IN THIS ARTICLE
Washington
Agriculture Department
Department
Benson
Beaver Dam
Wis
Drouth
Duarte
Soil Bank Should Not Become Flood Relief Aid
Benson argues the relief and agricultural programs must not bloat the soil bank with drought flood relief or credit demands. He insists the soil bank deliver value for every dollar spent and avoid turning into crop insurance after losses.
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Valley National Bank
Federal Deposit Insurance Corp
Ybey
Govr
Ins
N. Stone
E. Speedway Ec
Ted Pine
Pillsbury
Oleo
Miracle
Neasham
W. Co
Eddy
Cherry
Uick Service
BK. L. Grady
4Th Ave
the Davart Shoe Co
East Congress St
Tiatluiaye
Angeles
EL Paso
Dallas
Trailways
Jacome
Tucson
Stone
Pennington
Guy ON Earth
Dad
Parker
SAYCO
Ripon’s—Men
Hollywood
Thompson
Broadway
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