Kankakee Valley Post, Volume 18, Number 7, DeMotte, Jasper County, 9 January 1948 — G.O.P. DRAWS HATCHET FOR TRUMAN PLAN [ARTICLE]

G.O.P. DRAWS HATCHET FOR TRUMAN PLAN

Battle Promised By Republic ans To Save Own Measure From President’s Plan Washington, Jan. 8 Leveling the charge of “politics” against President Truman’s state of the union message, Republicans in congress today said the chief executive’s S4O tax cut pi-ogram has not the slightest chance of being approved. Several prominent Democratic senators and representatives agreed. “The Persident’s plan is pure political demagoguery,” said Rep. Knutson (R., Minn.), chairman of the house ways and means committee and author of the Republican tax plan. Majority Leader Halleck (R., Ind.) termed the message, “a purely political document designed to out-Wallace Wallace and hold for Mr. Truman the radical wing that controls the Democratic party.” Halleck promised the Republicans will pass “a sound, fair, tax reduction bill that will give relief to the masses suffering from Truman inflation and provide encouragement for business to expand, produce necessities qff life and to provide jobs.” Rep. Woodruff (R., Mich.) third ranking member of the house ways and means committee, said the proposal to increase corporate taxes “simply means that we will not and cannot secure the venture capital necessary to finance an expansion program that must take place if we are going to provide jobs for people to exist on a basis that every American wishes to exist.”

Sen. Brooks (R., Ill.) attacked the Persident’s proposals for foreign aid and restoration of rationing, saying “while the President pays lip service to the high cost of living, he advocates continuing excessive exports and expenditures which will contribute to containuing high prices and inflation, and while he also pays lip service to human rights and liberties, he also advocates establishment and extension of rigid controls which will deny or curtail —these —human —rights.” Chairman Millikan (R., Colo.) of the senate finance committee said the President apparently “remains committed to high taxes and high spending.” He added: “Jhe net result of his recommendations will not reduce taxes | a single penny. I believe that any Republican tax reduction bill i will include an increase in personal exemptions.” i