Monday, Feb. 15, 1954
From the Committees
Out of congressional committees last week came reports of major importance. Items:
P: The Senate Interior Committee approved Alaskan statehood 14 to 1 (Louisiana's Democratic Senator Russell Long). The bill follows one for Hawaiian statehood to the Senate floor, where opponents will attempt to link them together and then kill them both.
P: An increase of some $240,565,000 a year in postal rates was approved 13 to 7 by the House Post Office & Civil Service Committee. Among the changes: first-class letters sent out of town would cost 4-c-, airmail letters 7-c-, and second-class mail (newspapers, magazines, etc.) would be gradually increased to about 33% above the present rate by April 1957.
P:The House Public Works Committee okayed by a whopping 23-to-6 vote the long-fought St. Lawrence Seaway bill (already passed by the Senate).
P:The House Ways & Means Committee endorsed President Eisenhower's proposals to give relief to U.S. companies doing business overseas. The committee approved tax-law revisions 1) permitting American firms with branches abroad to defer tax payments on foreign earnings until the income is brought into the U.S., and 2) making overseas income taxable at 38% rather than the present 52%.
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