Indianapolis Times, Indianapolis, Marion County, 6 September 1944 — Page 5

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ted shoppers , Or re-doing. t will be the

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Patton Smashes, On in Face

| 10, 000,000 More Jobs Than Ever. Before

be skimmed off the envisioned na‘tional prosperity, at tax rates much|

In Peacetime Is Objective of CED Tax Plan

(Continued From Page One)

“iwould be taxed $1800 instead off Continue present taxation of per$2245, and so on up the scale, Theisonal holding companies, as well as! maximum rate, now 94 per cent provisions which penalize Unfeasop- | above $500,000, would be 61 per cent|able accumulation of earnings,

| RATIONING LIST | n BE SLASHED

of Furious Opposition by |

Frantic ‘Enemy. (Continued From Page One)

that the column east of Calais would continue along.the last miles of the coast‘road to Dunkerque. : Headquarters revealed that the mopup of a big pocket southwest of Mons_had yielded 14,000 prisoners and the total might go considerably. * higher. The cleanup of the pocket was essential to the advance of the JU. 8. 1st army, since it was tuo big to leave indefinitely. The 3d army was reported to have taken 76,000 prisoners and killed 19,500 Germans. | The Nazis appeared to be trying a major stand in defense of the a along the Moselle river line, which runs into the Reich at the Luxembourg border and curves) away to a distance of about 40 miles in the area east of Nancy.

lower than those now prevailing. - Lower taxes, the ‘committee holds, are required to bring about higher levels of employment and national income, and in turn keep government costs within manageable limits and provide revenue enough that some will be left for debt redemption. - Present prohibitive and restrictive taxes, although justifiable in war, says the committee, if carried into peacetime would reduce

national income, destroy jobs and!comm

dry up the revenues our government will have to have. The 16 to 18-billion cost of government, if spread evenly over the population, $500 a year for a family of four.

‘Cites Basic Question “The colossal sums needed must and can be raised by taxation,” says the committee. “The basic question is, how can they best be raised? The various ways by which money can

Ibe taken from the people in taxes

have an all-important bearing on our chances of achieving prosperity. Wise choosing among tax “alterna=i

> Rout in Full Swing

The rout of the German armies Of No jobs to many millions of!

tives can make a difference of jobs

would be more than:

at that income level, and 73 per|. cent above $5,000,000. Would Repeal Some * On corporations, the excess profits! war tax would be, repealed when peace comes. The declared-value capital stock tax, “(the committee says, is “a pure nuisance tax” which “should be repealed at once out waiting for the war to end.” These two recommendations have beén

op to most tax studies, whether by government, labor or busihess groups.

The really important change in business taxation recommended, and the one the C. E. D. relies upon to give the greatest stimulus to riskcapital investments in job-making enterprises, is the proposal to elim‘inate the discriminatory double taxation of the Corporate stockholder's equity income. * A corporate bondholder’s income is taxed only once—when he clips his coupons. Other interest collected, and rents’ and royalties re|ceived, and similar-forms of ownership income, are taxed but once. And income from tax-exempt pub{lic bonds is faxed not at all. But

‘In the low countries was in-.full People.” swing, &8 units of the Americaii | Our taxes, says the committee} 1st and British 2d armies linked | Should not restrict production and

up beyond ‘Antwerp to drive an ¢Mmployment; should not “discour-

{under present laws the equity stock- | holder's income is taxed twice— once ‘when the corporation earns it

the whether or not they are aware of it.

Permit both ‘corporate and noncorporate businesses: to carry for-|. ward losses to apply against subsequent earnings Tor a period of six years. “By sensible changes in the taxation of corporate earnings,” the C. E. D. report says, “a great advance can be made toward achieving the nation's post-war employment goal: namely to create seven to ten million. more jobs than sxisied in 1940. “Obviously the employment of many millions of workers is tied up with the good ‘or bad fortune of the nation’s 500,000 corporations; moreover, the present corporate tax laws would be so damaging to employment, if carried over ihto peacetime, that an intelligent change of them can make an enormous dif-1.n ference in the total volume of jobs available after the war. “In the field of corporate taxation the popular fallacy—that it is possible to relieve individuals by taxes levied on inanimate objects or on transactions—does its greatest economic’ mischief. Most people forget that a corporation is a legal to fiction, and the so-called ‘corporate taxes’ must actually come out of pockets of"

Tax on Stock Owners

living persons,

armored - wedge deep into Holland. Unconfirmed reports said the allied columns were across: the Rhine Estuary within “sight ‘of Rotterdam after an advance of almost 60 miles from Antwerp. Front reports said the Nazis were fleeing in wild disorder, with thousands surrendering daily as allied troops cut across their line of retreat. The breakthrough across the Moselle came after two days of hard! fighting, during which the Germans, poured a murderous rain of artillery |. and machine gun fire down on the.’ Americans from steep heights over} , looking the narrow river. Richards reported that the Nazis fought desperately for the crossing but the Americans drove across; in force, established a firm bridge- | head and pressed on to the east. Patton's scouts were the first Americans officially disclosed have reached German soil, although unconfirmed reports broadcast by the Paris and Swiss radios said American troops had captured Aachen, just across the southeastern border of the Netherlands, and! Saarbrucken, 38 miles east of Metz |

Neither report had official back- |

ing, and the seizure of Saarbrucken | seemed highly improbable in view | of the admittedly stiff fighting in| progress along the Moselle between | Metz and Nancy. The first great test of Germany’ si

frontier defenses was under way in |

the Lorraine Moselle,

gap beyond the however, and dispatches’

from the front sald Patton a | onal income of $140,000,000,000 burdens by averaging out their in-|

moving tanks, artillery and infantry up to the Moselle in force fora full-scale drive into the Reich.

Report Line Weakened

The broad belt of fortifications in!

the Siegfried line was believed to be strongly defended with heavy! artillery, tank traps and hidden! mortar and machine gun nests, but! headquarters spokesmen expressed | confidence that jt br eached in short order. The Germans; one source said, « have suffered such heavy losses in!

Tereated and more wages get pai should not “penalize unusual’ abili- | ©

{age the launching of new enter{prises . . ; or the steady growth of old ones” by which “more jobs get 3

ties, or undermine thrift, ambition and hard work by unduly limiting the rewards”: should not cut too deeply into the buying power of consumes. Our taxes, says the committee, ishould “be fair among persons... {fall equally on persons in like circumstances . , . rise progressively | with ability to pay”; should be vis-!

(the normal rate on corporate income is now 40 per cent), and again when the stockholder gets his dividends from what is left—the gov-) ernment's second slice depending | {upon what surtax bracket the in- stockholders, and in part an inidivigual stockholder is in. |direct tax upon consumers, wageWould Simplify Levy r |earners, or both. The indirect taxa-

The CED. would eliminate this, tion occurs because such taxes are double taxation by crediting the in- | accounted as part of the costs of dividual with the corporate tax 90ing business, and sdon or ‘late. hich has beers paid In his behalf, |S0Me Part of the tax gets passed on v pa 5 consumers in the form of higher {The corporate tax would be con- | prices for the goods they buy; some

“When the tax money is, traced down, ‘corporate taxation’ turns to Tbe in part a tax upon the income of!

ilist of foods which’ could be maae

ol teral debt as an investment.”

{dependents

would be:

ible so that each citizen “is fully isidered a tax laid against the indi-| ‘aware that he is supporting the] vidual stockholder, and withheld at federal government”, and should be | the source—following the present | adequate for “every expenditure jpattern of the withholding taxes on truly advantageous for the general [salaries and wages. Simplifying the {welfare,” and “to instill justifiable process. the C. E. D.s proposed;

{confidence in the integrity of the corporate income tax would be the]

government, the soundness of the same as the proposed standard rate {dollar, and the safety of the fed- on individual incomes—16 to 20 per cent. The stockholder’s dividend lincome in addition would be subRetain Exemption {ject to surtaxes, in whatever brack~The C.E.D. plen would release ets his total income reached. more purchasing power by abolish-| The stockholder’s income thereby, ing all federal. excises and sales says the committee, “would come Jase (something revolutionary in a finally to be subjected to taxes just! roposal of businessmeri)—except as heavy and no heavier than is $i taxes on ligyor, tobacco and placed upon all other types of persoline, | sonal income; and while this was

It would abolish the special war- being accomplished, most of the;

(time “normal” income tax of three viciously repressive effect upon emiper cent; which allows no credit for | ployment of the present lévy on This recommendation | corporate earnings would be elimalso is especially favorable to low- | inated from the tax system.”

{that they participate in the payment

{and this is true also of most stock-

iwhen they are most likely to be

part of it, alSo is invisibly borne by workers in the form of lower wages {and salaries than they could otherwise receive. The consumers and wage-earners are of course unaware

of taxes levied in the first instance on the earnings of the corporations,

holders, particularly smal] ones... “Heavy taxation of .corporate earnings is extremely and peculiarly damaging to employment. It takes vital and enormous funds out of the stream of Business operations just

used and where they can most effectually be used to increase production, create more jobs, pay out a greater total of wages, or reduce the prices of goods manufactured.

Would Encourage Jobs

“The net counsequence of this paradox (double taxation of stock-

income groups, Other C. E. D. recommendations The present exemption of $500 a would: {head in the regular income tax| Permit persons with irregular in- | would be retained. (Out of a na comes to equalize their income tax

more than $77,000,000,000 would not comes over a period of years, to the be taxed at all under the personal end that their tax be no heavier! income tax). {thap the tax of persons of steady Rates would be sharply reduced earnings for the same aggregate in(for. all the 40,000,000 individual in- comes. (This would be especially| come taxpayers, from the bottom { helpful to authors, playwrights, probracket to the top. The present fessional men, farmers, unincorpo-| jcombined tax of 23 per cent for the rated small businessmen and wage JJowest bracket would be replaced by earners irregularly employed). a single standard rate of 16 to 20| Make all income from future se-| per cent, depending upon revenue curity issues by state and local! [requirements -A—family —of four’ [governments Tully taxable—abolish with $2000 income, now paying a tax-exempts, x ax of $45, would pay nothing. A] Continue —preserit treatment of!

The Committee for Economic De-

jownership income) is to make more ladvantageous for persons with money, particularly wealthy persons, {to put their savings into forms of {investment which avoid risk-taking; {while it imposes a particularly heavy tax burden on those persons who, by risking their money, are working to expand business and thus create {more jobs, Double taxation of dividend income is one of the Plainest forms of taxing job creation.”

velopment is headed: by Paul G. Hoffman, president of The Stude‘baker Corp. prepared hy the C. E, D.'s research | committee, Ralph E. Flanders of the Federal Reserve Bank of Boston,

* {pre-war 1935-39 period,” he added.

The tax report was!

tables, Certain Nes to Be Point-Free Sept. 17. (Continued From Page One)

and fruits, tomato, pineapple and grape juices as the principal processed foods still requiring blue stamps. . The action did not affect rationed meats, butter, cheese and other foods taking red points. - «Declaring that still other foods would be made point-free as soon as the supply situation made it possible, Byrnes listed these as the items that will take no points after Sept. 17: Canned asparagus, fresh lima beans, corn, peas, pumpkin, uash, mixed . vegetables; baked beans, baby foods, soups, tomato paste, sauce, pulp and puree; and all. varieties of jams, jellies, and fruit butters. Only once before had a ma jor rationing change been announced from the White House. That came in. July, 1943, when President Roosevelt revealed in an address to the nation that coffee would no longer be rationed, the first food be removed from rationing.

Entire Situation Surveyed

Byrnes made the announcemert after tanvassing -the- entire food situation with Economic Stabilizer Fred M. Vinson, War Food Administrator Marvin Jones and Acting Price Administrator James F. Brownlee. Jones then submitted the

point free because of abundant supplies and to prevent spoilage. “The action is in accord with the policy of the government to lift wartime restrictions as quickly as possible,” Byrnes said in a statement. “When the supply of other foods make possible their removal froin the ration list, they will be promptly removed.” He said the move was made possible by the “magnificent job” done by farmers and food processors. “Despite the heavy requirements we have had to meet in supplying food to our armed forces and our allies, the people at home will in 1944 consume about 7 or 8 per cent more food than they did in the

Jones, in a letter to Byrnes, reiterated that it was inevitable that the government would have huge surplus food stocks at the end of the war but said this was the only way to insure against shortages that could be created by sudden

( Continged From Page One)

ward across the Wallaehian plains and were expected to reach the Yugoslav border below the historic Danubian iron gate in record time. The armored é¢olumns raced. i6 miles in one day through Romania to the big railway junction of Craiova, 112 miles west of Bucharest and only 48 miles from Yugaslavia. Malinovsky’s forces were --Spread along a 200-mile arc from north: itwest to southwest of Bucharest and gained ‘control of - every important |; rail junction, in Wallachia with the capture of Pitesti and Rosiorii de Vede, 56 miles west and southwest of the Romanian capital, With the imminent junction of the Ukrainian troops and Tito's patriots, the campaign in Wallachia virtually was concluded and almost all of Romania, excepting Transyl-

Soi Troops Rout Nols. From S. Romania Plains NQ

armies in Bulgaria. At Craiova, Malinovsky’s troops were only 110 miles north of Sofia, while ‘the 3d Ukrainian army held firmly a 144

miles section of the Romanian-Bul-

to th Giurgiu.

Warsaw, Gen. Geo

Marshal Konstantin Bs 1st White Russians joined on ti Bug river in a flanking drive that threatened to split the German

forces between East Prussia and the Polish capital.

mile front, Soviet army troops fanned out in two directions, with one force approaching the outskirts of Oétroleka, on the. east bank of the Narew, only 311 miles from Berlin.

frontier from the Black sea ~Ranupe ferry crossing: at

In the breakthrough north of Zakharov's

White Russian “army and

At the northern end of the 63-

\CANADA ory

vania, was in Soviet hands. The thrust toward Yugoslavia practically closed a trap on German

REPORT RUSSIANS ENTER BULGARIA

(Continued From Page One) = |

night and afterwards signed in the name of the Bulgarian government, the armistice with Russia.) First reports indicated that Rus- | sia “had not implemented . her declaration of war with an invasion | of Bulgaria, but powerful Russ army | forces. were massed along. the Bul-| garian-Romanian frontier and Mos- | cow dispatches made it clear that the ,Soviets were Prepared to do so if necessary.

Demand Active Aid

Bulgaria's surrender was expected || to pe followed by a declaration of! war against Germany that would place an estimated 25 Nazi divisions | —250,000 to 375,000 men—in south- | eastern’ Europe at the mercy of the] Soviet army and the Yugoslav and Greek guerrilla armies. Soviet Foreign Commissar Vyacheslay -M. Molotov's war note to Sofia and an inspired editorial in| the army newspaper Red Star indi- | cated clearly that the Russians

garian co-belligerency in the war against Germany.

Present Appeal |

Molotov handed the declaration | of war to the Bulgarian minister in Moscow at 7 p. m. yesterday, charging angrily that the Bulgars had aided Germany against Russia for!

and unexpected demands. Present point values on popular

tables are: Asparagus, 10; lima ‘| beans, 25; corn, five and three (depending on type); peas, five;

pumpkin, squash, 13. Baby foods have required one and two points a can; soups, three, and baked beans, 13. The fruit items range up to eight points.

$2,170,215 COUNTY

(Continued From Page One)

county welfare department to establish an orphans’ home elsewhere. In fixing the county general fund

$168,000 off requests made by county department heads originally to-

sized cans of the affected vege- |

BUDGET IS PASSED

‘budget at $2,170,215 the council cut a

with $4000 income, ow paying $505, would pay $360. {A $6000 income would pay $780, in-|

the battle of France that they no! in longer have the men to hold ‘orti-! fications against the weight of stead of the present $1005; an $8000 infantry, armor and planes the! {income would be taxed $1260 in-!

similar family, capital gains and losses until cor- | porate and Individual income taxes have been reduced and the income averaging device has been!

chairman. The plan was based ‘Alling $2,275,000. ‘Most o the ze} largely on studies prepared by 4 ductions were made in the county {group of professors of economics— | | commissioners’ request for $683,389, | C. E. Griffin and W. A. Paton of the ! which was reduced to $584.257. The reductions were made in road ma-

allies can throw against them.

approved. Then make capital gains stead of $1585. a $10.000 income taxable like other income.

IN INDIANAPOLIS-EVENTS-VITALS

EVENTS TODAY

Ringling Bros., Barnum & Bailey circus, ! Victory field. 2:15 p. m. and 815 p. m

Indiana 4-H club show, state fairgrounds. dinner EC . x Parls, West Fafapetee Margaret L. { Prank, Marie Sullivan,

Socony Vacuum Oil Co. Lincoln hotel. §.30 p. m. Ra adcast Lechuietans meeting, | Lincoln hotel, 8 p. Kationd¥ Association of Cost ‘Accountants | “meeting, Linéoln Hote, TI pm.

EVENTS TOMORROW Indianapolis Chamber of Commerce dinner, Lincoln hotel, Indiana Hampshire association meeting,’ state fairgrounds Berkshire association state fairgrounds.

MARRIAGE LICENSES These lists are from official records

therefore, is not responsible for errors in vames and addresses

regional meeting,

~—— Willlam -R. Anderson, 624 E. Georgia; Myrtle King, 624 E. Georgia. Max Jomon Bingham, 526 E. 22d. Rosetta rm Kearne, 2513 College.

Walters, 2165 N. Rural Howard Charles Kaufman, Terre Haute; Lola Mae Hamilton, Terre Haute. LaMar Peterson, 550 W. 25th; Edith Irene Smith, 519 W, Vermont, Jack W. Dickey, U. 8. army, Langley field, Na.: 2 Louise Mitchell, 1643 N.

Donna

gina Acid Indigestion

“oo Relieved in 5 minutes or back

Taco Herbert Richard Cairns; Chicago; T. Houser, 3530 E. Michigan. Robert G. Kirn, 2611 N. Nlinois; V Rita use, 1512 N. Meridian, Apt.

your money ny excess stomach acid Suse a suffocat. fag gas, sour stomach and heartburn, doctors Smuslly prescribe” De fastest EE Svearth Rn known

tellef—medicines like those a” Ne Tazative. Rell. wa brings > Be dny

? or double your money botule to us osc at aul a drugs. ren of

| Betty Byrd. 1059 Eugene.

a» CF os Eldon Roe, Roachdale; Betty Jean) Martha Irwin, 133 Neal

(Harold P. Davis, 963 W. 36th; Doris | Louise Caruso, Hotel English. Reymand | Pauline he i at St. Prancis Jesse EE. Walker. 1439 Deloss; Rebecca | Donald, Florence Owens, at St, Francis.

Manier, 1439 Deloss Alfred, Joan Schick. at St. Francis. at 8t. Prancis. Wilmer, Ruth Murdock. at St. Vincent's. Marshall, Barbara McCuen, at Coleman. Harold, Annabelle Baker, at Methodist.

wiey, Moorestown, N {William Odell -Hall, ‘2126 Shriver; wil- | helmina Viola Anderson, 2110 Shriver.

| Ray mond — Stucker, 345 N. Oriental; George, Mary Estell, at Methodist. Beunte-Helen Wager, 431 N Hamilton. I Maurice, Charleen McCracken, at Sianley Hele Hardisty, Ft. Wayne; i Methodist.

arilyn May Schomberg, Fi. Wayne, { Leo Yeakey, 2860 Baltimore, Bertha L.| Hardy, 2030 Sangster, Pauline Thompson, at Me s { Ernest Jullius Pischer, R. R. 16, Box 193; . =p Bl Methods: Evelyn Marie Stein, 5401 Carroliton | Charles Luther Tipton, U. 8. navy, Bain DEATHS Md.; Minerva Ethel Mumford, | | Linda Dildine. 8 months, at Riley, tuberculous meningitis, Clarence E. Linn, Newark, O.; Rosemary Carolyn Sue Sommers. 3 Thoiths; at St. Brown, 620 N. Jefferson. . Vincent's, gastro enteritis, ° Leona¥d Freeman, 708 W. North; Cath- | {Jennie Shull, 71, at Flower Mission, pulerine Cowherd, 713 W. 9th, | monary tuberculosis. Delmare Earl Adams, Bloomington: Mary | Bertha. Maxine Johnson, 3, at City, @iphher

Josephine Raila, 952 8. New Jersey. i Wallace J. W oodyard, Lapel; Estle May Horm: Ward, 56, at 965 N. Hawthorne, coronary occlusion. 62, at 519 Leeds,

Nichols, Andersor 1432 Edgembnt; | Margaret Olive Hart, at 130 Lee, car

{John, Geraldine Paswater, at Methodi ot. Charles,

Isabel Telling, at Methodist i George,

Charles Edwin Stroud, cerebral hemorrha

Ella Armstrong, a cinoma,

i George Maynard Winters, Logansport;

Johnnie Henry Terrell, 5340 Canal Blvd.: Frank Foster, 67, at Veterans’, carcinoma. Phyllis Frances Osborn, 40 N. Oakland. [Mary E Seal 86, at Shady Rest SaniClay Wiillam Piel, 5346 N. New Jersey; tarium, cardio vascular renal Osa Belle Games, 5146 Central. James Wesley Abdon, 67, Tar Veterans’, Walter Lee Prosser, U. 8. army, Dodge coronary oeclusion r City, Kas; June Elizabeth Robertson, Ignatz Krakovitz, 70, at 320 E 46th, 1419 Winfield. _cOoronary thrombosis. ‘Elmer E. Griffith, 80, at 1832 Central

cerebral hemorrhage.

BIR THS Fred Goetz, 76, at 1828 N. Illinois, chronic

Girls

{University .of Michigan,” Harold! {Groves of the University of Wis- | consin, and Henry Simons of the |

{University of Chicago.

STATE HEALTH LJ LAW REVAMPING SOUGHT

_-Dr. Thurman G. Rice, state board of health secretary, said goday he would ask the 1945 state legislature -appoint -a--ecommission—for—an extensive study of the Indiana health law structure.

over because there is a definite need for recodification and correlation of many statutes relating to public health,” Dr. Rice said. “The system now is jumbled, conflicting and antiquated.”

“All health laws sh TY aws shoyld be gone| INGTON, Sept. 6 (U. P).—

| terials and equipment.

A $6000 request by the damit]

| sioners to hire an engineer to work with the county plan commission

jon development of suburban areas |

i was eliminated by the council. Members indicated = that might have favored retention of

mission budget instead .of in the commissioner* s budget.

ARMY TO SEIZE 2 PLANTS

President Roosevelt today directed the army to seize two plants of the Hughes Tool Co. Houston, Tex. which had refused to obey orders of the war labor board.

Beau

. Vita Fluff Shampoo

ty Is Our Business Just Arrived

$foo , sgoo,,,

myocarditis. : Thomas, LaJeanne Downey, at 8t. Francis. | Infant Hardin, 3 days, at Methodist, spina Shampoo and Finger Wave... Ee $1.00 Blodgett, Celeste Brennan, at St. Vin- da. 343 Mass. ave. cent's, Elien Cutting, 14 days, at St. Vincent's, Eugene, Mary Krackenfels, at St. Vin- congenital heart. Ahi Kate Hardy Kirk, 85, at 1045 W. 34th, Ley Hazel Parker, at St. vincunts myocarditis. ~ p—) James, Agnes Daniels, at Celeman h

Machineless Permanents

$5.00 __ $7.50

Lamar, Inez Beaver, at Methodist. Lawrence,’ Marjorie Breitenbach, Methodist. ; James, Margie Evans, at Methodist. ‘Charles, Roberta Keller, at Methodist. Paul, ‘Lucille Meadows, at Methodist. Robert, Geneva Naylor, at Methodist. Robett, Lizzie Reynolds, at Methodist.

Lr = rg L

R egistered J GLASSES ON CREDIT _

KEEP IT SHINING!...

1 rae Stone wire A RAHONAL-REPTATION AX 5% 57 %i Fi —.

American production " the balance of power in this fight to keep the light of liberty thining Lround 4 the world. Your war job vi and your vision is vital te that b! Have your eyes Sheckod reguarly. Vision is vital to vielery. If you need glasses, see = )

Office at

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ree eae

they .

the salary for an engineer if it. had been included in the plan com- |

more than three years and were {helping the Nazi army to escape from Romania. i Six hours and forty minutes later the armistice appeal was presented | to Russia's charge d'affairs in Sofia. | (Radio Sofia said fighting be-| tween German and Bulgarian troops | already had broken out, asserting] that the Nazis attacked Bulgarign army units and captured members| of the army staff, C. B. S. reported.)

MARTIAL LAW IN HOLLAND | LONDON, Sept. 6 (U.P.).—The Dutch government has proclaimed a state of siege in the portion of the Netherlands already liberated, Premier Pieter S. Gerbrandy revealed today, explaining it was necessary “for a country which the Germans may leave in a state bor-, -dering-on chaos.” t

would accept nothing less than Bul- |}

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