Truman Calls for $4 Billion Tax Hike to Fund Expanded Social Programs
President Truman outlined a 1951 budget emphasizing a $4 billion annual tax increase on corporations estates and high incomes, planning to fund national health insurance and expanded social security. He warned expenditures will rise with a larger peacetime military and urged Congress to pass new social welfare and education programs.
MENTIONED IN THIS ARTICLE
Truman
America
Congress
80Th Congress
White House
Capitol Hill
United States
Europe
Aid to Outside Will Increase as Truman Predicts
President Truman told Congress that western nations and possibly others will need American military and economic aid to stay free. He linked military assistance to rising Cold War costs, with a projected foreign policy expense rise of at least $2 billion next year. The budget notes Marshall Plan gains and seeks continued European stabilization.
MENTIONED IN THIS ARTICLE
Washington
Truman
Congress
China
Europe
Western
Budget Outline for 1950 Sees Record Deficits and New Programs
The budget projects a 1950 deficit under current tax laws without new military aid and calls for higher expenditures in coming years. It outlines $5.5 billion in veterans readjustment benefits, a public debt interest increase to over $5.4 billion, and total federal activity costs near $10 billion. Social welfare, health and security total $2.4 billion, with proposals to strengthen social insurance.
MENTIONED IN THIS ARTICLE
St. Lawrence Seaway
Congress
Truman
UMT
International
National Defense
Postal Rates Aim to Shrink Post Office Deficit
The plan seeks higher rates for magazines and newspapers to cut the deficit to 152 million dollars. The president counts 250 million as secured, but a miscalculation could push the budget higher.
MENTIONED IN THIS ARTICLE
Postoffice Department
Truman Budget Proposes Big Cuts to VA Hospital Program
President Truman outlined a $1 billion expected cut in government veteran spending next year and proposed canceling 24 new VA hospital projects while reducing 14 more. He cited a $16 million payout on life insurance policies and urged review of overall veteran benefits and social welfare integration.
MENTIONED IN THIS ARTICLE
Congress
Truman
Veterans Hospital
Washington
Eea
Veterans Administration
Army Corps of Engineers
Federal Works Agency
Truman budget outlines $6.66 billion for new year
President Truman's budget message calls for 6.66 billion dollars for the year beginning July 1. About 5 billion would fund second year costs of the Marshall Plan and other foreign aid. The plan also includes 84 million for social programs and 300.2 million for federal aid to education.
MENTIONED IN THIS ARTICLE
Washington
Truman
Toay
Kerns Welcome Son as Meade Family Celebrates
Mr and Mrs Robert Kern announce the birth of a son at Blacksburg hospital. Mrs Kern is the former Miss Charlotte Meade daughter of Mr and Mrs Everett Kidder Meade of Millwood. Mr Kern, formerly of Winchester, will receive an architecture degree in February at VPI.
MENTIONED IN THIS ARTICLE
Robert Kern
Blacksburg Hospital
Kern
Charlotte Meade
Everett Kidder Meade
Millwood
Winchester
VPI
Flood budget outlines large general flood control funds
The President proposed a 1950 Army engineers program with 430 million for general flood control and 229 thousand for rivers and harbors, plus 50 thousand for bridge alterations. New urgent projects total 12, not listed, while overall funds would exceed 734 million with an extra 10 million for the Agriculture Department flood control efforts.
MENTIONED IN THIS ARTICLE
Mississippi River
Atlantic Seaboards
Gulf Coast
Central Valley
Los Angeles
California
Columbia Basin
Army Engineer Corps
Congress
Army Engineers
Agriculture Department
Bond Issue for Bridge and Ferry Projects Questioned
The attorney general reviews whether the $20 million bridge and ferry bond issue would create a state liability despite certificates stating otherwise. The projects rely on tolls to be self liquidating, but bond counsel urged court validation of constitutionality before issuance. State comptroller argues the act makes the bonds a direct state debt.
MENTIONED IN THIS ARTICLE
Page
Highway Department
New York
State Supreme Court of Appeals
State Comptroller
Peace Talk Heard At Gathering of China's Lawmakers
Chinese lawmakers in Nanking urged immediate end to the civil war during an informal meeting. Kuomintang members pressed for peace as debate continued in the capital.
MENTIONED IN THIS ARTICLE
China
Nanking
Kuomintang
Government budget shows slight deflationary tilt in 1950
The 1950 budget projects receipts at 47.185 billion and outlays at 45.71 billion after social security inflows. The report notes no deficit at present tax rates and predicts a $2 billion distribution to veterans from national service life insurance next fall or spring amid higher military spending.
MENTIONED IN THIS ARTICLE
Veterans of
Israel Plans UN Protest Over British Actions in Palestine
Israel to accuse Britain at the United Nations of violating the Palestine truce. The cabinet will instruct Aubrey Eban to lodge the charge over Britain’s air reconnaissance in the Negev and troops sent to Aqaba while Britain does not recognize Israel as a state. The notice cites arms shipments to Egypt.
MENTIONED IN THIS ARTICLE
Tel Aviv
Israel
Britain
United Nations
U. N
Palestine
Aubrey Eban
Lake Success
Negev Desert
Araba
Trans-Jordan
Red Sea
Also Mentioned on This Page
Winchester Front Royal
Firi
Braddeck
Lydia E. Pinkham
Pinkham
Kerns
U.S
Trans- Jordan
Aqaba
Russia
Manchester Guardian
Foreign Office
Mid-East
Vatican
Joe Coste
Mirror
Sunday Mirror
Shenandoah News Agency
Samson
Winchester Furniture CO
Main St
Shenandoah Valley National Bank
Member
Federal Deposit Insurance Corporation
Fairmont
Tommy D. Lockhart
N. Loudoun St
Lamp Motor CO
N. Braddock St
Farquries, Yok
Shade Equipment CO
Iron Age Sales & Service
Martinsburg Pike
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