Time Clock, Apr. 2, 1956

BUSINESS TAX CUTS, like income tax reductions, are out for 1956. After Treasury Secretary George Humphrey testified that the U.S. will need another $1 billion this year, the Senate Finance Committee voted to block the scheduled $3.2 billion cut in excise (liquor, cars, etc.) and corporate taxes.

NATIONAL AUTO SHOW, the U.S. equivalent of the big European shows, will be held again this year for the first time in 16 years. Show in New York Coliseum next December will include all U.S. makes, except possibly Ford, which has sometimes stayed out of the show...