Show The Harriman Committee re- re report re port of Secretary of Interior Kru Kr and the the dent s a committee on development AU U livID exp tt and factual data relating to the needs of western Europe and this nations nation's ability to supply those needs have been spread onre on re cord for aU all to see Secretary tary of State Marshall based the amount amo of stol stop gap gap aId to France Italy Hungary and China some 13 5 on thOse three e re- re reports re- re reports ports Involved in the three re- re reports re ports were some thirty of the top businessmen economists bank ers labor and civic leaders and government experts The reports dovetailed in And although t to date there has been only on voice raised tur alterably ag against Gen Mar shans shan's appeal in the Senate Fot Relations Committee the th talk here Is that the entire Mar Mar- Marshall shall plan for European recovery is endangered For that lone voice was Sen Robert A Taft CR It Ohio chairman of the powerful GOP policy committee I and Republican candidate for the presidential nomination Sen Sen- Senator ator Taft raft branded Gen Mar Mar- shahs shah's shall plea for funds as un J reasonable and he declared he I Ishall never would settle for shy such amount In a recent speech heI in I Ohio Senator Taft proposed stop gap aid for something like three billion dollars or roughly half of the amount Gen Mar Mar- Marshall Marshall shall is asking and as the spec spec- ial special session of the congress gets underway in earnest all indica- indica indicatIons indications point to a long and bitter debate and the possible intro intro- introduction introduction of reservations or such safe safeguards as to make Ameri- Ameri American can cn aid to Europe either tive or unacceptable to the six six- sixteen teen nations which signed the proposals in the first place On the Harriman committee were such men as W Randolph Burgess vice chairman of the National City Bank of New York and former president of the Am- Am American American Ban B a n k e r s 8 Association Chester C Davis president of the Federal Reserve Bank of St St Louis former fonner Senator Robert M LaFollette of Wisconsin George JamesD JamesB of the A F of L James D B Carey of the CIO and many industrialists economists and ago ag- agricultural experts of national manYI re- re renown I reI flown President Truman in his message to the special session b based sed his recommendation upon the factual data contained in the th thc three reports Technically c the special ses- ses session session sion of the congress is not nota a special session Since the reg- reg regular regular ular session did not adjourn I sIne die but did adjourn to a day certain January 2 1948 con can congress daYI gress ress was in recess and not ad ad- ad adjournment So the special set set- session sion merely a continuation of the 1st session of the con con- congress gress In a report said to be much more complete and comprehensive comprehensive sive than that turned out bw bl Congressman Harold Knutson s sPecial tax committee of big business representatives the Committee for economic develop develop- development meat ment asks for tax reductions on ona ona a rational plan The eED CED would allow for r a fo four billion dollar do air doI I nual recoVery aid and andI anda I a n minimum payment on the national debt in fn inthe lJ the daral l budget end then would proceed to fiX tb tax rates at atI about 11 percent on the firt I 1000 1000 above exe exemptions GO 50 pe per cent on 10 and graduate I upward to 75 5 percent on n mil lion dollar or over incomes income The I outI CED report would also cut out I aU all excise taxes except liquor I tobacco and gasoline Present tax rates are about 19 percent I I on the first 2000 of taxable in- in income come to 86 08 percent Over ver Congressman Knutson Magill MagiD committee would have i left the 19 percent figure alone and would have cut the top fig fig- land gre to about 50 on in ornell ef or over Both p favor the committee pro property perty pled But the CED plan for tax reduction Is not necessarily for now since the report is fa agaInst lax reduction when busi ness is booming and profIts are hi high h as they are today More More- Moreover Moreover over the CED declares in its ita re- re report re- re report port called taxes and the bud get the annually balanced bud get is not necessarily instead they favor a budget Policy which would in- in increase crease government expenditures and lower taxes in poor years and pursue the opposite course I wa 1101 v i to good yeas yea's j 1 r t Th r rather a t fag one tt the product ad 01 some lome business men b president Qt pf of Studebaker r o I atton wend del 8 ch known figures ll h f Beardsley of MJ Milts ne a ent Store Reed of M General ElectrIc FoWler cCo ck pi E o and P n nn 8 lua tl t n If I II |