Indianapolis Times, Indianapolis, Marion County, 19 November 1950 — Page 7

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SUNDAY, NOV. 19, 1950

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Old $500 bap Pictures Tell Why Camp Aratbury Needs Help |

For Exemption §

George Predicts Wartime Low Will Be Used

WASHINGTON, Nov. 18 (UP) —S8en. Walter F. George (D. Ga.) | said today that any increase inj individual income taxes next year! probably will mean lowering per-| sonal exemptions to the wartime | low of $500. | Sen. George, chairman of the | tax-writing Senate Finance Committee, made that forecast to the, United Press when questioned| about statements this week from, President Truman and Secretary | of the Treasury John W. Snyder. “If we're going to get much! from individuals, we'll have to! lower the exemptions,” Sen. | George said in a telephone interview from his home at Vienna, Ga. “It would raise a good deal of money but it would mean a good deal of hardship in view of the high cost of living.” $600 Base Now

He foresaw a return to personal lack a card table.

exemptions of $500, the figure used on wartime tax forms. Since

the 1948 tax cut bill, individual « OR

exemptions have been $600. That means an exemption of $600 each I. for the taxpayer, his wife, and.

Business groups testifying today insisted an increase in the; regular corporation taxes would be preferable. Rep. Daniel A.. Reed of New

Ways and Means, issued a bitter] statement charging the excess profits levy “would cut the heart out of the productive capacity of}: the country and seriously impede) the defense program.’ He said that on Monday he will!

raise more revenue and ‘‘safe< guard the national economy.” Sen. George admitted that an-| other income tax increase also| might mean some raise in the rates, along with the reduced ex-| emption. While he has expected a gen-| eral tax bill next year, “all on the| up-side” to finance new defense! spending, he said he had believed | personal incame taxes would not be raised again on top of thé boost in‘the stopgap war tax bill last summer, “If we're going to have to

raise $6 billion or $7 - billion Camp Atterbury Hospital . . . room. Wounded men play games in wards, con-

more,” he said, “there’s no way to do it except from individuals| and from new taxes.”

PROOF (LVS RAY JEWELERS)

verse in corridors.

Sgt. Warren Menser, Pfc. Robert Davis and Sgt. James H. Ansel (left to right) . . 28th Division members at Camp Atterbury use a bench surface because they

a typical sun-

IT YOU MORE FOR YOUR MONEY

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erm] renee KAY JEWELERS)

recreation room.

Pfc. Richard Zehender, Cpl. David W. Lies, Cpl. John Mack and Sgt. Elmer D. Griffin (left to right) . . . bridge game. Indianapolis Red Cross is asking for

furniture and playroom equipment.

THE INDIANAPOLIS TIMES

Pfc. John Pacifico, Sipesville, Pa. . . year-old recruit reads in the practically bare |

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