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THE PRESIDENT'S RECOMMENDATION TO EXTEND FOR

6 MONTHS THE EXCESS PROFITS TAX

JUNE 1, 2, 3, 4, 5, 8, 9, 10, 11, 12, AND 13, 1953

Printed for the use of the Committee on Ways and Means

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HEARINGS

BEFORE TID

COMMITTEE ON WAYS AND MEANS

HOUSE OF REPRESENTATIVES

EIGHTY-THIRD CONGRESS

FIRST SESSION

ON

THE PRESIDENT'S RECOMMENDATION TO EXTEND FOR

6 MONTHS THE EXCESS PROFITS TAX

JUNE 1, 2, 3, 4, 5, 8, 9, 10, 11, 12, AND 13, 1953

Us, Cangreas. House.

thga

Printed for the use of the Committee on Ways and Means,

UNITED STATES
GOVERNMENT PRINTING OFFICD

WASHINGTON : 1053

35078

COMMITTEE ON WAYS AND MEANS

DANIEL A. REED, New York, Chairman THOMAS A. JENKINS, Ohio

JERE COOPER, Tennessee RICHARD M. SIMPSON, Pennsylvania JOHN D. DINGELL, Michigan ROBERT W. KEAN, New Jersey

WILBUR D, MILLS, Arkansas CARL T. CURTIS, Nebraska

NOBLE J. GREGORY, Kentucky NOAH M. MASON, Illinois

A. SIDNEY CAMP, Georgia THOMAS E. MARTIN, Iowa

AIME J. FORAND, Rhode Island HAL HOLMES, Washington

HERMAN P. EBERHARTER, Pennsylvania JOHN W. BYRNES, Wisconsin

CECIL R. KING, California
ANGIER L. GOODWIN, Massachusetts THOMAS J. O'BRIEN, Illinois
ANTONI N. SADLAK, Connecticut

HALE BOGGS, Louisiana
HOWARD H. BAKER, Tennessee
THOMAS B. CURTIS, Missouri
VICTOR A. KNOX, Michigan
JAMES B. UTT, California

GORDON GRAND, Jr., Clerk
THOMAS A. MARTIN, Assistant Clerk

53

HBP

CONTENTS

522

619

238

656

427

584

635
414
498
112

Statement of-

Ahnberg, Oscar H., vice president, R. T. Collier Corp., Los Angeles,

Calif.

Alvord, Ellsworth C., representing Alvord & Alvord, Washington,

D. C..

Amis, Thomas L., chairman,

accompanied by Paul Cain, executive

director, Young American Business Conference, Dallas, Tex..

Bailey, George D., certified public accountant, Detroit, Mich.-

Betner, Thomas E., president, Plastomatic Corp., Malvern, Pa.

Biggers, John D., chairman, Libbey-Owens-Ford Glass Co., Toledo,

Ohio.

Bixler, Roland M., president, J-B-T Instrument Co., New Haven,

Conn.

Bogue, Edward A., president, ETC, Inc., Niles, Mich.
Bolesky, Russell W., secretary-treasurer, Therm-O-Disk, Inc., Mans-

field, Ohio..
Bow ditch, Richard L., president, Chamber of Commerce of the United

States, Boston, Mass.

Burger, George J., vice president, Washington office, National Fed-

eration of Independent Business, Washington, D. C.
Christophersen, S. R., president, and S. S. Parsons, chairman of the

board, Smaller Business of America, Inc., Cleveland, Ohio.

Clardy, Hon. Kit, a Representative in Congress from the State of

Michigan.
Clay, Joseph B., president, Clay Equipment Corp., Cedar Falls, Iowa.
Coleman, George C., president, Birtcherd Dairy, Inc., Norfolk, Va..
Collins, Bradley, New York, N. Y.
Daggett, Frederick K., president, Flexible Tubing Corp., Guilford,

Conn...
Daine, Robert, president, Teleregister Corp., New York City.
Dawson, John S., vice president and secretary, Bridgeport Brass Co.,

Bridgeport, Conn.--
Deeb, George, Sr., Steel-Bronze Sealing Rings Co., Indianapolis, Ind.
De Mambro, Gene, president, Lincoln Park Industries, Inc., Lincoln

Park, Mich..
Dennison, Paul T., president, Minnesota Rubber & Gasket Co., Min-

neapolis, Minn.

Detweiler, Joseph H., secretary and treasurer, Argus Cameras, Inc.,

Ann Arbor, Mich..

Ditmars, Walter, president, Gray Manufacturing Co., Meriden,

Conn.
Dolle, William L., on behalf of tax policy subcommittee, National

Machine Tool Builders Association.
Douglas, John W., president, Republic Foil & Metal Mills, Inc.,

Danbury, Conn.

Draffan, G. L., president, the Ohio Brass Co., Mansfield, Ohio.

Dudley, Claude W., Ohio Match Co., Wadsworth, Ohio.

Eaton, M. C., president, Norwich Pharmacal Co., Norwich, N. Y.

Enders, Harry H., treasurer and secretary, Young & Rubicam, Inc.,

New York City

Evenson, C. R., president, Michigan Wheel Co., Grand Rapids,

Mich?

Fechtmeyer, Henry C., representing Federal taxation committee,

Wisconsin State Chamber of Commerce..

Fernald, Henry B., chairman, tax committee, American Mining Con-

gress..

100
500

602
385

382

595

87

365

364

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