The potters herald. [volume] (East Liverpool, Ohio) 1899-1982, 1950-08-31
WASHINGTON LABOR
British Ldborites
Propose World Plan
For Mutuul Aid" To
Fight Communism

Washington LPALabor urging excess profits tax 10 e
the hsr p nlatio" You H5f fo% W WHAT WHY
Pn their 5f gr sy will Do SP stick se % tax and
emergency enthusiastic apoogst
word profits of the language He gives
heavy writing the NY Times calls the
% Sa9 o hs f6 s the ii 1925 ss and
wages income and other
shares of the national income during this period"
you'll begn ' fall for they hammer long enough
take. It H less Ra psa "s1%s
ing that out Of your pay right then
That committee has voted to increase corporation income
don't pay their pay-as-you-go basis
So in taxes to be taken from individuals the
their peak while down only
per
the apply the corporations 1851 income And they don't
@ % S rolling Fs em and e e s G55srs w ss
thinker the Journal Of Commerce with straight
face that that profits arf e9fay & o no more abnormal or %
forgets that Commission report (Which
down. A Rha Fc S report "s studV big Industry And
that the rate profit for big business in l9S WAS double & the 9 40
per n i9lO making 20 per cent in 1947;
ing 1910 with 1919 The findings the
far back last May Don IL KSw nov @ Of cevean pu6e st
clients proposed get rid Of The profits altogether He
rs ga det"r 5 P& Of the a a
profits Juggling calling by diff
proposals would mlad the public and leave
sgi;j ''," '".5s .s 1"s. '"s S"s % r s r T1F m
that there be such thing pros second there
must profits what's the yardstck the point at which
normal profit becomes excess
s1y o1 s ny M s eS Sn,ss s ddSm s f Sa
the job 94 and then fought Sin defense sound prn
before that committee by John L. Sullivan then assistant Secretary
of the Treasury Sullivan then said that two kinds of profits should
be axedpos which be attributed to de spending and
profits in of normal return on invested capital Sullivan
went on: j. ., ..e,.-..,,, -. -. ..,..,, =. ..o,
petition fortunate circumstances and not outstanding
economic machinery has been made equitable and desirable that
they should be subjected to special taxation"
The Times heavy thinker said this heer political humbug
We sounds like (That FIC report mentioned
above showed that the greater control of an industry the nearer
Well the big boys lose that they want to fight about nor
duced an excess profits bill His scheme is this He would use as
base profits of l9489 OF that rs would be considered
trying do explained to take the cream the profhe
top of the profit dollar at the highest period of prosperity in
the history of any nation in the world put it into uniform and send
w That's what the big boys Fighting abOutat 9474S9
What they'd like is something like 19373839
OMahoney he does not want excessive profits be made
out Of the blood and tears of American soldiers"
We're on OMahoneys side
New York City, five working
high atop the Empire State Building for when they
ca first didn't believe the All story they
pelted with grain they worked new eson
But the only they could arrive at that the grain
supposed to have the lid camped tight
In Washington d. c. the police department decided didn't
visitor but he made the mistake terribly afternoon
walking downtown street against red light cop had
him But the finished writing aywakng ticket
after the explained that in Little Rock the citizens
hot days get cool by walking
ing by go ahead he told the you ougha try the breeze