The Republican. [volume] (Oakland, Md.) 1877-current, 1960-06-30
Senate Cloakroom
D. J. GLENN BEALL
United States Senator fom
Maryland

| SpCHuSlS ., lllOSt QO-SOOOSlo WIN
automatically favor any and every
measure for spending public fund:
on so-called benefits, have prob
lem: how to get money from the
taxpayer without disturbing the
voter.
Down The Homestretch-Con
gress is expected to adjourn be
fore the opening day of the Demo
cratic National Convention, Mon
day, July IL. The Republican Ma
tional Convention will follow
starting on July 25. Then, cam
paigningl This means that the 86tt
Congress must wind up its business
in the next four weeks. Any bill
not passed before adjournment is
dead and can be revived only in a
subsequent Congress. Many bills
have gone through, or almost
through, committee, where most
of the work is done, and they now
await final action on the Sen
ate floor. Bills are being tabled
by the leadership in Congress for
consideration. Many will be passed,
and some rejected, during these
final days.
Defense funds, to an extent be-
yond that which the Administra-
ton requested, will be provided.
1t looks as though this Congress
will not pass the kind of medical
care-for-the-aged bill which the
Administration requested. Old-age
pension coverage may be extended
to doctors, and to policemen, fire
men, and others working for non
profit organizations. The age
minimum for disability insurance
is likely to be removed, and the
minimum benefit payment to re-
tired persons may be raised from
1913 month to $40. There may be a
compromise on the minimum-Wage
law, raising the minimum to SIPS
gradually over a period of three
years, and extending the coverage.
Doctors, lawyers, and other self
employed persons are likely to be
given the right to defer income
taxes on income up to S2500 a year
that is set aside in regular re-
tirement plan. Federal subsidies
of around S300,000,000 a year for
three years to help finance school
construction may be provided
Federal housing agencies are
scheduled to get added authority
to insure mortgages and to pro-
vide loans for college dormitories.
Provisions for home improvement
loans will likely be extended.
The Senate worked last week on
a bill to set up a new wheat pro-
gram calling for a 20-per-cent cut
in acreage, 80-per-cent support, and
payments 'in kind for land taken
out of production. White House ac-
ton in this is uncertain; the Presi-
dent opposes the farm subsidy
philosophy There will be a lib
eralizing of operating rules for
small-business investment corpora
tons, and the Small Business Ad-
ministration is expected to get
authority to raise its loan fund by
S150000,000. Mutual Security funds
as requested by the President may
be cut. There may be a new law
providing for Withholding taxes on
dividends. It's not clear yet Just
what will happen in regard to eX-
else taxes. 1t appears that neither
the Presidents request for an in
crease in postal rates nor his re-
quest for removal of the 425%
ceiling on long-term bonds will
be granted by this Congress. Re-
lief measures for areas hit by
chronic unemployment have little
or no chance now; the President
vetoed one such measure as toe
costly, and the leadership in Con-
gress does not seem interested in
the Presidents less-expensive pro.
posal.
This is a report on the outlook on
major issues, and does not neces-
sarily reflect my own position or
all the measures mentioned.
The Mans Credit Rating: ING"
What would you think of a man
who had an income of $4,000 a
year, had run up a debt of $4,000
of which $4,000 was payable or
demand and $4,000 more within j.;
year, and was going deeper in deb
every year? Well, don't be toe
quick to criticize him. Add sever