The Key West Citizen Newspaper, May 21, 1953, Page 7

‘Thursday, May 21, 1953 THE KEY WEST CITIZEN . Page 7 OPTIMISM EXPRESSED FOR APPROVAL OF EXTENSION OF EXCESS PROFITS TAX Taft-Hartley Amendments. Being Drafted By ROWLAND EVANS JR. WASHINGTON -—Republican members. of the Senate Labor Committee were said today to have agreed on Taft-Hartley law amend- Bisen-|talk Tuesday night, exhorts Con- , postpone the one-half per cent in- i f tah 3 Cy E il fe & i ite 53 44a hee E ‘tle [ MH er Hl z iil Ht i f i Tae itt - | nancial. affairs,” By CHARLES F. BARRETT WASHINGTON (# — Republican Leader Halleck of Indiana said to- day he was ‘‘very.° optimistic” about chances for House approval of President Eisenhower's request to-extend the excess profits tgx on business, But Republican opponents of the measure disclosed a series of strat- egy moves aimed at defeating the proposal or at least amending it. || These were developments after a full day of backstage maneuver- ing yesterday on an issue that has developed into one of the sternest tests so far of Eisenhower's lead- ership with. Congress, At a conference with Halleck and. House Speaker Joseph Martin (R- Mass), Republican members of the House Ways and Means Commit- tee agreed to hold hearings June 110 on Eis€nhower’s request. This request, sent formally to. Congress yesterday after being outlined in the President's radio gress to cut no taxes this year. Eisenhower. said he wants lower taxes as much as anybody but he said that would be inflationary. He raked the Truman adminis tration for leaving what he called “gq critically wmsound state of fi- proposing’ this ; six point tax program: extend: the profits tax six months past its June 30 expiration date; don’t eut corporation income taxes 5 per cent, as scheduled on™ April: 1; crease scheduled Jan. 1 in social security taxes; don’t cut excise taxes on April 1, 4s scheduled; don’t cut income taxes. for indi-| tet tna E. F z ‘ : i g J : i E ge nl ne mito. g F ij Bee H : qeeaeemES = era: ARCHER’S<: 814 FLEMING ST. DIAL 25132} |802 WHITE ST. PINEAPPLE. KELLOGG'S — PACK OF 8 SALMON «x- HEINZ TOMATO KETCHUP 2«4 NAPKINS 2-~~2