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Story
December 27, 1947
The Union Times
New Haven, New Haven County, Connecticut
What is this article about?
Senator Joseph O'Mahoney charges in the Senate that the public funds anti-labor ads by the National Association of Manufacturers through tax deductions, while highlighting soaring corporate profits amid rising prices affecting lower-income groups.
Merged-components note: Continuation of O'Mahoney story from page 1 to page 2.
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Labor -Baiting Paid By Public
O'Mahoney Says
Senator Charges Manufacturers' Ads Deducted From Taxes
Washington (LPA)— The American public is paying for the anti-labor ads of the Nat'l Association of Manufacturers, Sen. Joseph O'Mahoney (D. Wyo.) charged on the floor of the Senate last week.
O'Mahoney, who voted against the Taft-Hartley law and who is counted as one of labor's chief friends in Congress, declared that the ads which the NAM is now publishing "in all of the large and small newspapers of the country, are paid for in 10c dollars, because 90% of the cost of every such advertisement is represented as a deduction upon tax returns, so that the money which ought to go to the (Continued on Page Two)
Public Pays For GOP Promises
Labor-Baiting Quick Vote On
1
O'Mahoney Says FEPC Proposal
(Continued from Page One)
Treasury . . . in order to help reduce the debt is being used to propagandize in favor of spiraling prices.
As O'Mahoney was speaking the NAM was announcing that its drive for a $3,000,000 slush fund had reached $2,472,381, or more than 82% of the total. The NAM said that bosses in the southeastern states topped 100% of their quota.
PROFITS UP
Corporate profits for the first nine months of this year are greater than the total profits of corporations for the 12 months of 1946. O'Mahoney pointed out. Jones & Laughlin steel in 1947 had net profits of $16,682,338 as against $6,109,260 in 1946 and "the profits of corporations manufacturing food and kindred products in 1946 were 213% above 1940, the Senator continued.
"The Borden Co., for example, had profits amounting to 273% for the first nine months of 1946 above the same period in 1940.
Corporations manufacturing textile mill products showed an increase in profits of 564%; leather and leather products, 211%; petroleums and coal products, 135%; iron and steel and their products, 92%; nonferrous metals and their products, 62%.
O'Mahoney gave the Senate a careful and detailed listing of corporation profits, and emphasized that "Already, in the lower income groups people are digging into their savings. Every subcommittee of the Joint Committee on the Economic Report which investigated the cost of living, during the recess of Congress, from coast to coast, found that to be the fact and so reported. We know that people at the bottom of the economic scale are suffering now because of spiraling prices."
O'Mahoney Says
Senator Charges Manufacturers' Ads Deducted From Taxes
Washington (LPA)— The American public is paying for the anti-labor ads of the Nat'l Association of Manufacturers, Sen. Joseph O'Mahoney (D. Wyo.) charged on the floor of the Senate last week.
O'Mahoney, who voted against the Taft-Hartley law and who is counted as one of labor's chief friends in Congress, declared that the ads which the NAM is now publishing "in all of the large and small newspapers of the country, are paid for in 10c dollars, because 90% of the cost of every such advertisement is represented as a deduction upon tax returns, so that the money which ought to go to the (Continued on Page Two)
Public Pays For GOP Promises
Labor-Baiting Quick Vote On
1
O'Mahoney Says FEPC Proposal
(Continued from Page One)
Treasury . . . in order to help reduce the debt is being used to propagandize in favor of spiraling prices.
As O'Mahoney was speaking the NAM was announcing that its drive for a $3,000,000 slush fund had reached $2,472,381, or more than 82% of the total. The NAM said that bosses in the southeastern states topped 100% of their quota.
PROFITS UP
Corporate profits for the first nine months of this year are greater than the total profits of corporations for the 12 months of 1946. O'Mahoney pointed out. Jones & Laughlin steel in 1947 had net profits of $16,682,338 as against $6,109,260 in 1946 and "the profits of corporations manufacturing food and kindred products in 1946 were 213% above 1940, the Senator continued.
"The Borden Co., for example, had profits amounting to 273% for the first nine months of 1946 above the same period in 1940.
Corporations manufacturing textile mill products showed an increase in profits of 564%; leather and leather products, 211%; petroleums and coal products, 135%; iron and steel and their products, 92%; nonferrous metals and their products, 62%.
O'Mahoney gave the Senate a careful and detailed listing of corporation profits, and emphasized that "Already, in the lower income groups people are digging into their savings. Every subcommittee of the Joint Committee on the Economic Report which investigated the cost of living, during the recess of Congress, from coast to coast, found that to be the fact and so reported. We know that people at the bottom of the economic scale are suffering now because of spiraling prices."
What sub-type of article is it?
Historical Event
Deception Fraud
What themes does it cover?
Deception
Justice
Misfortune
What keywords are associated?
Anti Labor Ads
Tax Deductions
Corporate Profits
Senate Speech
Spiraling Prices
What entities or persons were involved?
Joseph O'mahoney
National Association Of Manufacturers
Where did it happen?
Washington
Story Details
Key Persons
Joseph O'mahoney
National Association Of Manufacturers
Location
Washington
Event Date
Last Week
Story Details
Senator O'Mahoney accuses the NAM of funding anti-labor ads with tax-deductible expenses, effectively paid by the public, while corporate profits have surged and prices spiral, hurting lower-income people.