U.S. REPUBLICANS TAX CUTTING BILL FAVOURS BIG BUSINESS

Grey River Argus, 4 February 1948, Page 5

U.S. REPUBLICANS TAX CUTTING BILL FAVOURS BIG BUSINESS

WASHINGTON, February 2.

The Republican Party submitted to the U.S. House of Representatives' a Bill cutting down income taxes by six thousand five hundred millions of dollars, the measure reducing taxes on all incomes. It would also drop four hundred thousand low-in-come persons from the tax rolls and permit husbands and wives to split the family income equally for taxation purposes, whether the wife earns or not.

The House passed the Bill by 297 votes to 120. However, the Bill goes to the Senate, which is expected to trim the tax cuts to ensure that enough Democrats will support the Bill to over-ride the possible Presidential veto by the necessary two-to-one vote.

The vote followed rejection of a Democrat tax bill bv 259 to 159. The Democrats had proposed to cut individual income taxes by 4,000,000 dollars and to recover 3,200,000,000 dollars of revenue loss by increasing company taxes. The Democrats’ Bill W’ould have removed 10,000,000 lowincome taxpayers from the tax rolls, instead of only 400,000 proposed by the Republicans. Democrat speakers in the House to-day gave warnings that the Republican Tax Bill would jeopardise national security and impede the execution of the Marshall Plan.

Auckland “Eye Bank: An “eye bank” where the eyes of dead people will be kept for coi neal transplantations, will be established by the Auckland Hospital Board. Operations for transplanting the cornea have not been common in New Zealand. The scheme was proposed by Dr. C. A. Pittar, the “eye-bank” registrar at Auckland of the Ophthalmological Society of New Zealand. He has been in communication with the “eye bank” of the United States. In a report to the Hospital Board. Dr. Pittar said that the sources of corneal material for grafting would be the eyes of still-born babies and dead people. The co-operation of all hospital boards will be sought.—Auckland, February 3.