Indianapolis Times, Indianapolis, Marion County, 27 December 1939 — Page 5

WEDNESDAY, DEC. 27, 1939

$6,000,000,000 HINTED AS BASE FOR "41 BUDGET

Roosevelt Also Reported to Be Paring Some Items, Scanning New Taxes.

WASHINGTON, Dec. 27 (U. P). —President Roosevelt was believed today to be budgeting for a Federal Treasury income of six billion dollars or more for the next fiscal year in expectation of continued business improvement. Tax revenue at that level would be the third largest in Treasury experience, exceeded only by the fiscal years 1920 and 1938. Senator John A. Bankhead (D. Ala.) indicated after conferring with the President today that the new 1941 budget would carry no provision for farm parity payments,

Senator Bankhead did not say|g

flatly the President has decided to omit parity payment funds for the

budget, but indicated Mr. Roosevelt | §

feels no recommendation should be a made at this time because farm |%®

prices are rising and may approximate parity levels by the time Congress considers farm appropriations. Senator Bankhead added the Administration does not contemplate abandonment of the principle of the parity payment program. The indicated upward trend in Federal income is accompanied by reports of budget-paring and consideration of new tax levies at the White House. The whole fiscal outlook, of course, depends upon the future course of business activity. Re-employment and national defense developments.

U. S. Income Set at 68 Billions

Commerce Secretary Harry L. Hopkins estimates that national income during the 1939 calendar year aggregated 68 billion, 500 million dollars, an increase of four and a half billions over the national income last year. Even half that improvement next year would raise the national income figure—the sum representing the whole nation’s productive earnings—to something over 70 billions for the 1940 calendar year, Mr. Roosevelt roughly estimated in his last budget message that existing tax rates would obtain six billion dollars for the Treasury when national income reached 70 billions. That income would be provided from these sources: Corporate anu individual income taxes ....$2,500,000,000 Miscellaneous internal TEVENUL ..c.cosvevins 2,200,000,000 Customs 400,000,000 Miscellaneous receipts. 200,000,000 Payroll taxes ......... 700,000,000

Defense Also Considered

In addition to income expectable from existing tax rates, Mr. Roosevelt is represented as considering special national defense taxation to raise 500 million dollars. Increases in middle bracket individual income tax rates, estate taxes and manufacturer's excise taxes have been suggested as a likely source. Another and simpler method would be to tax-the-tax—that is, impose a 5 or 10 per cent levy on each individual’s net tax liability. A person whose income tax at existing rates was computed at $100 would add 5 or 10 per cent to that sum, making his tax liability $105 or $110. Mr. Roosevelt is said to have reduced the 1941 fiscal year fundrequests for agriculture and for such relief projects as the National Youth Administration, Civilian Conservation Corps and Works Projects Administration. Assistant Attorney General Thurman Arnold is said to have been told his anti-trust act prosecutions must be carried on with considerably less money than he proposed to spend next year and a real drive to reduce unemployment relief costs is in effect now. The Administration is anxious to get through the winter without asking for further unemployment relief funds for the current fiscal year

By HARRY MORRISON

A streamlined circus with all the beauty of a “Snow White” stage set by Disney is one way to describe the All-Star European Ice Revue which held its world premiere at the Coliseum Jast night and which goes on again every night through next Tuesday. From the South African beauty, Edwina Blades, to the last girl in the chorus the performers prove themselves first-rank professionals. Rona and CIliff Thaell, brother and sister team, with their “Dream Waltz” and “On Wings of Steel,” brought audible “ahs” and “ohs” from the very much impressed audience. The only disappointment of the opening show was the audience that wasn’t there. Flashing young Miss Audrey Peppe, American star, made her professionel debut amid fairland lights and almost (we're being conservative) stole the show. “The Four Glamour Girls” may not have the hard heads of hockey players, but they know their blocks and body checks. When the “English charwomen” desert their buckets for a bit of hockey they reach their most hilarious moment. Additional laughs were brought from the crowd by the brilliant

“A Bit of Scotch” was provided by the very pretty chorus that just refused to forget well-timed and excellently executed routines.

Colorful Skating Pagent Thrills First Night Crowd

Jeoffrey S. H. Stevens and his “horse” Greyhound. Mr. Stevens, aside from being very very funny, is one of the troupe’s best skaters. Greyhound, incidentally, is composed of Montague Stott and Sidney Spalding, two excellent performers themselves.

Fritz Diet], stilt skating star, helped open the revue as Neville Chamberlain and to the delight of the audience returned later to “wow ‘'em.” Using stilt skates, he gives the breathless sinking feeling the flying trapeze artists of the circus startle their audiences with. Special mention should be given Lou Pitts and Ruth English who do a “Bowery” number accompanied by the orchestra's rendition of “The Bowery” and “Sidewalks of New York.” Pamela Prior may not be Sonja Henie, but she knows her skating nevertheless. Perhaps the most evident characteristics of the Revue’s artists are their ease on the ice. Last night's performance was surprisingly well done when it is remembered that this is the first performance in America. Words can’t catch the gleam of the ice, the sparkle of new costumes nor the beauty of the lights.

It's a grand show.

FRENGH SPOIL RAID 'STAGED’ FOR HITLER

PARIS, Dec. 27 (U. P.) .—French troops spoiled an “exhibition” skirmish staged during Adolf Hitler's visit to. the German Westwall Christmas Day, military informants believed today. German dispatches had said that Herr Hitler visited the front line south of Saarbruecken Christmas night. In the early hours of yesYerday the Germans tried a surprise skirmish operation in that sector. The French replied with automatic arms, broke up the raid and, infor-

two non-commissioned officers prisoner. French sources suggested that the raid had been staged for Herr Hitler.

CURFEW SPEEDS WRESTLERS PHILADELPHIA, Dec. 27 (U. P.). —Wrestlers may grunt and groan in Philadelphia to their hearts’ content, but they must do it fast, for

which ends June 30, 1940.

curfew rings at 11:30 p. m.

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THEATER MANAGER AVERTS TRAGEDY

NEW YORK, Dec. 27 (U. P.).— The manager of a small Brooklyn Theater was credited today with

having averted a major tragedy. An explosion caused a fire in a building adjoining the theater. Three minutes later the side wall af the theater collapsed, showering the auditorium with debris. In that time, Manager Benjamin Sergi had evacuated all 300 of his audience except 11 stragglers who were slightly injured. Explosion of an over-heated oil stove in ‘a pool room caused the

mants said, took two officers and |fire

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. THE INDIANAPOLIS TIMES

"PAGE §

European Ice Revue Has Sparkling Debut

Sweeping glides down the length of the floor by Rona and CIiff Thaell brought a super-ballroom grace to the ice while spotlights

gleamed.

On star-spangled ice, the lovely skaters glided into patterns such as this.

in Coliseum Fairyland’

Times Photos. Thefr new costumes, brilliant

colored lights, and music combined to thrill the customers.

ATTACKS SOCIAL SEGURITY LAW

National Leader Says Only Few Will Get Benefits; Many Left Out.

PHILADELPHIA, Dec. 27 (U. P.). —Edwin E. Witte, former executive

director of the Economic Security Committee, attacked the Social Security Act in an address prepared for delivery today before a joint session of the American Economic Association and the American Association for Labor Legislation. At the same time, Dr. John B. Andrews, general secretary of the Labor Legislation organization, urged immediate action on a national health insurance program. In his attack on the Social Security Act, Mr. Witte said: “Only a few people will get retirement benefits. These people will get benefits which are excessively liberal in relation to their tax payments. In the main these are people who do not need public assistance.

of people who are required to pay taxes when they are employed in covered employments, will get nothing in return. These people by and

large are those who most need assistance in old age.” Recalling that more than five years ago President Roosevelt preferred to postpone health insurance legislation on the promise of later action on a well-rounded program of social insurance, Dr. Andrews declared that expectation has been raised to a point where further postponement will be regarded as a breach of that “solemn covenant

with the people.” He added: “If the President's message during the first days of the new’ session of Congress outlines clearly and specifically the compulsory health insurance program for its prompt adoption—and if the promised Federal action, without which the states will postpone acceptance, is taken without delay—there will be presented to those national and state leaders responsible for the fundamental adoption of adequate state laws a challenge which cannot be sidestepped even temporarily without overwhelming condemnation.”

Need This

“Under the new amendments, the

largest gratuities will be paid to the!

highest priced employees — the

executives who earn $250 per month |

and who paid taxes for a year and a half. “But the many old people who

have not been able to work since |)

Jan. 1, 1937, or who could not get jobs, will get nothing. If the present law remains unchanged, millions

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