The Republican. [volume] (Oakland, Md.) 1877-current, 1962-02-01

recipients of u. S. Foreign Aid dol
lars India, who nearly always votes
against us in the u. n, has received
from us more than THREE THOU
SAND million dollars.
We should ask few basic ques-
tions before we spend More of our
taxpayers money on Foreign Aid
Are the recipients of the aid worthy
of it? Are we ourselves able to plan
the aid intelligently and execute it
efficiently? VIII it do us Cthe U. 5.
No-Profit Shareholders Relieved
of Unfair TaX-On Tuesday of last
week the Senate passed a bill to
exempt certain Dupont sharehold-
ers from paying specific tax, ana
by that action helped thousands OF
working men and women. Some cir
culars which came to me by mail
indicated that a campaign has been
waged to sell the public on the mo-
ton that the Dupont bill was help
the-rich" legislation. Nothing could
be further from the truth. AS a
matter of fact, a vote for the Du
Point bill could be termed a pro-
labor vote and a vote against 1t
could be termed an anti-labor vote.
The legislation was prompted by
the Supreme Courts decision that
the DUPONT Company, the large
chemical company, must dlVest IT.
self of the % per cent of the stock
of General Motors owned by it, on
the grounds that Dupont owner
ship of the stock might tend to
limit competition in automotive
paints and other products manu-
featured by Dupont. In compliance
with the antitrust decision, the Du-
Pont Company prepared to distri5-
ute its G.. NJ. stock to the individu-
al shareholders l and 1/3
shares of c.. Nj. to the holder of
each share of DUPONT Under the
previous tax law, every individual
DUPONT shareholder would have
been required to pay the regular
dividend-income tax to the full eX-
tent of the market value of the q.
NJ. stock received, regardless of
what his DUPONT stock had cost
him.
Under the new bill, an individual
Dupont shareholder who receives
G. NJ. stock will have no immediate
tax to pay UNLESS the market
value of the stock he receives eX-
ceeds his investment in the Du-
Pont stock. In other words, if he
has made no profit, he pays no tax.
If. however, the new stock at its
current market value has given him
profit on his original investment,
he pays tax on that profit. Pas
sage of the new bill means that
virtually every one of the $4,000
employees of DUPONT who pur-
chased DUPONT stock under their
companys stock-purchase plan
would be exempt from the dividend
taxation. That's why this is pro-
labor bill The tax burden is shifted
to those better able to pay the tax
those who make a profit.
"Muzzling" The Military-Shali
Generals in our Army be pre-
vented from informing their troops
about the dangers of the Commu-
mist philosophy? That is about the
sum and substance of the question
now being looked into by our SEN
ate Committee on Armed Services.
1t all started when Communist
newspaper distributed to our troops
in Germany complained about Cen
eral Walkers anti-Communist cam
paign and General Walker was re-
lieved of his command. Admiral
Burke then issued a statement that
it was the duty of Armed Services
officers to inform the young, mex
perienced men under their COM
mand about the thing we are sup
posed to be fighting, Communism.
Other high ranking officers Joined
in by letting it be known that the
texts of their prepared speeches
against Communism had been Sc
verely censored by young, low-rank
officers in the Pentagon. l Joined
with Senator Thurmond of South
Carolina in asking for a thorough
investigation. The hearings are now