Time Clock, Dec. 7, 1953

CONGRESS will probably agree if the Administration wants to keep the corporate tax rate at 52% instead of dropping it to 47% as scheduled, predicts Speaker Joe Martin. But he doubts Congress would pass a manufacturers' sales tax.

SHORTAGE of titanium, the newest wonder metal for jet planes (TIME, June 15), is still so severe that Air Force Secretary Harold Talbott wants Congress to authorize a subsidy to the industry to help boost production immediately. Current production is only about 2,800 tons a year, and planned production of 25,000 tons by 1956 falls far...

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