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Show Subsidies Guaranteed For Producers of New Synthetic Wool Washington Utah wool growers grow-ers may now be assured that their government will subsidize the synthetic wool fiber industry indus-try if it becomes necessary, Sen. Arthur V. Watkins (R-Utah) said today. Sen. Watkins said that Charles E. Wilson, director, office of Defense De-fense Mobilization, had informed him by letter that "should we need to stimulate domestic production pro-duction of natural or synthetic fibers in order to protect our fiber fi-ber position, we will do so." Mobilizcr Wilson's statement was the result of a letter he received re-ceived from Sen. Watkins. The Senator asked for an "authoritative "authori-tative and straight forward statement . . . setting forth the nature and extent of the tax amortizations granted during the fiscal year 1952, to assist companies com-panies in the building of facilities facili-ties for the manufacture of synthetic syn-thetic wool." Mr. Wilson said the Defense Production Administration already alrea-dy had granted two accelerated tax amortizat.on applications to companies which plan to construct con-struct new plants for the production produc-tion of synthetic wool fiber. Actually, Sen. Watkins explained, ex-plained, this permission for accelerated ac-celerated tax amortization programs pro-grams merely means that the taxpayers of the country are subsidizing such companies by permitting them to write off their plant costs in five years. Normally, Nor-mally, tax laws will not permit such depreciation of plant and equipment for less than from 20 to 40 years. Therefore, by depreciating depre-ciating their plant and equipment equip-ment 100 per cent in five years, these favored companies are able to escape a large part of their normal corporate tax load. Complete control of the press is one of the essential objectives of any successful dictator. Obviously, Ob-viously, no one wants information informa-tion made public that would be detrimental to our national security. se-curity. But no one can be made to believe that the OPS, Bureau of Reclamation, Forest Service or other executive agencies that do not deal with military or diplomatic diplo-matic matters should be permitted permit-ted to screen their activities and programs. Such arbitrary power to control the flow of information informa-tion to the people should be revolting re-volting to every American who believes in the fredom of' the press. |