60865

HEARINGS

BEFORE THE

COMMITTEE ON FINANCE

UNITED STATES SENATE

EIGHTIETH CONGRESS

FIRST SESSION

ON

H. R. 1

AN ACT TO REDUCE INDIVIDUAL

INCOME TAX PAYMENTS

APRIL 22, 23, 24, 25, 28, 29, 30, MAY 1, and 2, 1947

Printed for the use of the Committee on Finance

UNITED STATES
GOVERNMENT PRINTING OFFICE

WASHINGTON: 1947

CONTENTS

Statement of—

Alvord, Ellsworth C., chairman, Committee on Federal Finance,

Chamber of Commerce of the United States, accompanied by

John J. O'Connor, and Arthur W. Crawford...

Connolly, John H., secretary and general counsel, Minnesota Mining
and Manufacturing Co., St. Paul, Minn.

Page

317

Baldwin, C. B., Progressive Citizens of America, Washington, D. C..
Brown, Edgar G., director, National Negro Council.

383

461

543

Dudley, Claude W., member of firm, Dudley, Jones, & Ostmann,
Lawyers, Washington, D. C........

465

Edie, Lionel D., president of the Lionel D. Edie Co., Inc., New York

City

427

Fulbright, Hon. J. W., a United States Senator from the State of
Arkansas.

550

Hanes, John W., chairman of the board of trustees, Tax Foundation,

New York City..

161

Hoeppel, John Henry, editor, National Defense.

573

Humphreys, H. E., Jr., vice president of United States Rubber Co.,

accompanied by Dow G. Mitchell, Harold N. Gilbert, John C.

Davidson, and Harley Lutz...

197

Javits, B. A., vice president and general counsel of the Investors
League, New York City.

411

Kaiser, Arthur R., on behalf of the Taxation Committee of the

National Dry Goods Association, Chicago, Ill.

387

Lawton, F. J., Acting Assistant Director, Bureau of the Budget,

Washington, D. C.

140

Lucas, Hon. Scott W., a United States Senator from the State of

Illinois.

475

Nixon, Russ, Washington representative, United Electrical, Radio
and Machine Workers of America, CIO

Magill, Roswell, member of Cavath, Swaine & Moore, lawyers, New

York City.

469

289

Parker, Lovell H., Colorado Building, Washington, D. C.......

Paul, Randolph, lawyer. -

348

Stiles, James F., vice president and treasurer of Abbott Laboratories
on behalf of the Federal Finance Committee of the National Asso-
ciation, of State Chambers of Commerce, Chicago, Ill... ... - -

Surrey, Stanley S., tax legislative counsel, Treasury Department. 485, 496

Taylor, Harry G., Miami, Fla..

530

Voorhees, E. M., director and chairman of the finance committee,

United States Steel Corp., New York...

537

Wilson, Arnold J., first vice president, General Time Instruments
Corp., La Salle, Ill

400

Wolf, Henry H., representing National Lawyers Guild Committee
on Taxation.

414

Pepper, Hon. Claude A., United States Senator from the State of

Florida...

Ruttenberg, Stanley H., assistant director of research, CIO, Wash-
ington, D. C...

Schutzer, Arthur, American Labor Party, New York, N. Y
Sherwood, W. T., Assistant Commissioner of Internal Revenue,
Treasury Department, Washington, D. C....

Silverson, Harry, partner, firm of J. K. Lasser & Co., New York City..
Smith, Levi P., president, Burlington Savings Bank, Burlington, Vt--
Snyder, Hon. John W., Secretary of the Treasury, accompanied by
Lee Wiggins, J. J. O'Connell, Edward Bartelt, George Haas, Louis
Shere, and Stanley S. Surrey..