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The Nome Nugget
Nome, Nome County, Alaska
What is this article about?
President Truman's administration proposed a 'stamp-book' tax system to expand social security coverage to 50 million workers, including farm and household workers, with doubled benefits, disability insurance, and lowered retirement age for women. Altmeyer presented details to Congress amid tax increase resistance.
Clipping
OCR Quality
Full Text
Vastly Expanded
Social Security
WASHINGTON, (AP) - A new
"stamp-book"
tax-paying system
was suggested yesterday by the
administration to help make possible
a vast expansion of social security.
The stamp system is designed
principally for farm workers and
household help who would be
among the 20,000,000 new workers
blanketed under old age insurance
if Congress approves the expansion.
Arthur J. Altmeyer, social security
commissioner, projected the
tax plan as he laid before the
House ways and means committee
the details of President Truman's
program to:
1. Increase the coverage of old
age and survivors insurance from
30,000,000 to 50,000,000 workers;
2. Boost the insurance benefits by
about double. 3. Create a new insurance
program for disabled
workers; and 4. Reduce the "pension
age" for women from 65 to
60.
Stiff resistance already has
formed against Mr. Truman's proposal
to increase the security tax
take from the present $1,800,000,000
a year to around $5,000,000,000.
As part of the battle to prevent
"destitution," Altmeyer said, the
insurance program should be expanded
to include 6,000,000 farm
operators; 7,700,000 urban self-employed
(lawyers, doctors, businessmen,
etc.); 3,000,000 domestic
or household workers, and 4,700,000
hired farm workers.
What sub-type of article is it?
What keywords are associated?
What entities or persons were involved?
Where did it happen?
Domestic News Details
Primary Location
Washington
Event Date
Yesterday
Key Persons
Outcome
stiff resistance to proposed tax increase from $1,800,000,000 to $5,000,000,000 annually; expansion would cover additional 20,000,000 workers including 6,000,000 farm operators, 7,700,000 urban self-employed, 3,000,000 domestic workers, and 4,700,000 hired farm workers.
Event Details
Administration suggested a stamp-book tax-paying system for farm workers and household help to enable vast social security expansion. Arthur J. Altmeyer presented to House Ways and Means Committee Truman's program: increase coverage from 30,000,000 to 50,000,000 workers, double benefits, create disability insurance, reduce women's pension age from 65 to 60.