The Waterbury Democrat., 1946-11-13
|Merry-GO-ROund

WASHINGTON, Nov. ls--wlsh RspuAllean leAa. eN gathering a the capital Co begin organizing their own o.op.-raled consFea for shs first time in le country can expect during the next two yeass
 FOREIGN poLIcY-on the surface there win pe no outward change, Later however, important changes win become apparent The British already are worried over our swing to the right
 BuDoEr-The three largest expenditures of gov. he national debt These cana Se prncdnes @ uni sSe Republicans want Co cut down the Army and Navy, which they are not likely to do. Easiest pruning lob therefore, b on foreign loans ana relief uN.FR.A wIl be the first to SO. eeooOooOoo loan to Italy planned by Truman will Do dilched next. Other loans to European and Latin American countries win be axed.
 This b where our change in foreign policy comes in The Italian loan was planned In order to help struggling Italian democracy and prevent ftays swing to Russian Communism, Midwest RepubllcanS many of them stlll privately isolatonlst win veto this
 However the end Of several wartime expenditures such as price subsidies and service separation pay. ments should permit balancing tho budget
 TAxEs-Despte current talk Of tax relief for small wage-earners, there win be only minor tax cuts One of two things will happen Either expendi. lures will be such to fobrd major tax reduction or cut will be made in the lower brackets after which, which COZ COT. cong ccnsressmen pressured by higher to get aboard the gravy train If they add tax reuc ton for the higher brackets 1t means that Truman VIII veto the pill,
 TARIFrS-Md-west Republicans would Ike to 90 back to the old Hoover high tariffs Some of the Eastern uo.Pers from manufacturing regions will go along with them. If they get going in earnest, how. ever there will be staemate. Truman will veto
 LABoR-one Republican faction favors immedi- ate and outright repeal of the entire Wagner Act However, they know this would bring a veto and that the veto probably would be sustained Another COP. group wants to avoid antagoniEing labor Ger tain A.Fb leaders especially John L. Lewis and Carpenters Boss Bill Hutchinson helped them win the election and they want to keep labor happy for l94S Therefore, the following compromise is proba- ble:
 i. The Case Bill will be passed once again. and this time become law. Even if Truman vetoes which is doubtful Southern Democrats and the strong COP. majority will be able to override the White House.
 9 Senator Balls bill, putting labor unions unde, the antitrust laws, also will be adopted
 rfM1dRATTON-Repubc are traditionalls hostile to immigration and minority groups and the House Immigration Committee now is inherited by Rep Noah Mason of Illinois well-known witch hunt. CT who takes his cues from the Chicago Tribune Displaced persons in Europe will get little comfort from Mason. revived and stronged Dies Commit tee can be expected-probably in both house O. Congress.
 ECONOMIC oUTLooK-Prices generally wi rise during the next six months though not so rap idly, and with some commodities such as food ane textiles dropping in the Winter Food prices should slump after the Argentine and Australian crops are