Treasury chief opposes shifting tax burden to the poor
Treasury Secretary Morgenthau defended low income taxpayers at a Washington press conference. He warned selfish interests seek to shift taxes onto the underdog, urging no further taxes on lowest income groups until revenue avenues and loopholes are exhausted. He cited a single earner of 750 dollars paying about 130 dollars in taxes and a 1500 dollar earner paying about 250 dollars. He also cited an Office of Price Administration study showing typical families earning 750 to 1000 dollars yearly must spend all earnings and incur about 176 dollars in debt to survive.
MENTIONED IN THIS ARTICLE
Washington
Treasury
Henry Morgenthau
Morgenthau
Office of Price Administration
Americans Apply to Join British Commandos in Ireland
A gossip columnist cites a Star report that American forces in Northern Ireland officially applied to join the next British commando raid on German-held territory. The War Office confirms many British soldiers have tried to join commandos, and some American troops reportedly began intensive training in Northern Ireland.
MENTIONED IN THIS ARTICLE
London
The
Star Today
Northern Ireland
War Office
North Ireland
No Tires for Three Years Says Henderson
Washington reports 22 5 million cars face no new tires or retreads for at least three years due to wartime rubber shortages. Leon Henderson told a Senate defense committee the supply could leave most cars idle after current tires wear out, with only 7.5 million kept in service for defense workers using reclaimed rubber.
MENTIONED IN THIS ARTICLE
Henderson
Washington
Leon Henderson
Senate Committee
National Defense
Brazil
Guayule
U. S. Income Reaches New Peak At 94.5 Billion
Commerce Department reports national income last year rose to 94.5 billion dollars, up 22 percent from 1940 and 13 percent from 1929. Growth driven by expanded production and higher prices, with wages rising 25 percent due to defense plant employment.
MENTIONED IN THIS ARTICLE
Washington
Commerce Department
Aviators Training Cadets to Strengthen Flying Muscles
In Alabama the U S Army Air Corps in the Southeast tests which muscles pilots use. Director Ernest Smith leads 28 assistants to develop conditioning for cadets through 35 sports and specialized calisthenics. A three test study shows trained cadets score 29 percent higher.
MENTIONED IN THIS ARTICLE
Montgomery
Ala
Ernest Smith
U. S. Army Air Corps
Smith
Walter R. Weaver
Federal Reserve Tightens Dollar Down Installment Rules
Washington reports new installment buying limits to start March 23 reducing payment spreads to fifteen months for most items and raising minimum down payments. Additional items including bicycles and clocks join the regulated list with a one third to twenty percent down payment. Lenders must register by June 1 and may operate under a general license meanwhile. An April 1 change sets the credit value of used autos as the lower of purchase price or appraisal value plus taxes.
MENTIONED IN THIS ARTICLE
Washington
Federal Reserve Board
Federal Reserve Bank
War Farm Board For Grayson Adds 7 New Members
The Grayson Agriculture War Board expands to seventeen members to boost spring and summer production. Original five are E. C. Winn chair, W. W. Gunn, J. L. Ladd, Miss Eunice King, and Ernest H. Gunn. New associates include Arthur J. Badgett Whitewright Henry W. Cooped Sadler Elza M. Brookshear Whitesboro William A. Davis Collinsville Eula L. Hestand Tioga Merritt Holcomb Gunter Guy O. Cates Southmaydr Louis Dolezalek Dorchester Floyd Smith Howe John H. Hogue Sherman Wayne H. Brown Bells Rosser Bell Denison James M. Allison Sherman Paul Cliff McClendon Hagerman James T. Bryant Pottsboro Henry M Godwin Gordonville James D. Harris Van Alstyne.
MENTIONED IN THIS ARTICLE
Whitesboro
William A. Davis
Collinsville
Eula L. Hestand
Tioga
Merritt Holcomb
Gunter
Guy O. Cates
Southmaydr
Louis Dolezalek
Dorchester
Floyd Smith
Howe
John H. Hogue
Sherman
Wayne H. Brown
Bells
Rosser Bell
Denison
James M. Allison
Paul Cliff McClendon
Hagerman
James T. Bryant
Pottsboro
Henry M Godwin
Gordonville
James D. Harris
van Alstyne
Spare Teeth Replace Lost Gear in Game Shark Row
A game shark loses a sharp tooth and a replacement slides forward from the back row. The unusual mechanism keeps the display intact as spectators watch the sparing of a vital feature with a spare unit stepping in.
Also Mentioned on This Page
Uncle Sam
Erin
R’arin
Greasing
Yeager
Sinclair
U. S
Hele
Boone
Philadelphia Record
First National Bank
Raemakers
Descuts Fraemackers
Inter-Allied Information Center
New York
Sun
Java
Southwest Pacific
Japan
Alice
War Farm Board For
Grayson
Mobilgas
Mobileil
G. C. Stateville
Community Public Service Company
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