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Show PLAN SUGGESTED TO SUPPLY POSTWAR CAPITAL To provide additional working capital for postwar employment, Rep. Prank Carlson, six-foot Congressman Con-gressman from Kansas, has intro-porations intro-porations to cash excess profits tax duced a bill that would permit cor-bonds cor-bonds 60 days after hostilities end in Europe. Present law provides that such bonds, amounting to ten per cent of the excess profits paid by corporations, cor-porations, cannot be cashed until the second year after the war ends on all fronts. The statue was enacted enact-ed as an anti-inflation measure. Supporters of the Carlson bill assert that total refunds would be too small to affect the danger of inflation in-flation materially. By cashing the bonds, though, some companies would be able to obtain much-needed much-needed working capital for reconversion recon-version and employment. The Kansan is a member of the Ways and Means Committee. He told the House that his bill allowing allow-ing companies to convert postwar credit bonds into cash "is but the first step in a series o'f tax moves that should be made to provide ull employemnet.' |