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8/29/41
Here Senator Vondenberg of Ilichigan inquired:
"Isn't it true that these unions who are suggesting these punitive taxes at the present time may be opening the way for a tax on all advertising by suggesting such a dangei'ous precedent?"
"That is true," Hr .Hushing replied, "There is some adver¬ tising, outdoor advertising, being taxed, but I have left those organizations to speak about that. Now a new industry does make wliat may be called excess profits, because the pioneers in the field aave things pretty much to themselves, but as others see that it is a good thing, they enter that field and competition becomes great with profits correspondingly decreased,
"That happened I think in the automobile industry. The proposal in this bill could well have been made against electric lights, because they put the manufacturers of oil laraps out of busi¬ ness, or could have been made by the candlemakers with the same force when the oil lamp came into use,
"Nov; that is our viev; in regard to this broadcast tax secti<ii, and we hope you v/ill wipe it out of existance when you report the bill,"
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RADIO SAIDS SOAR APTJJR ilEvV RECORD LAST YEAR
As a news-hungry public grows more and more eager to follow latest war developments sales of radio receivers have been soaring to new highs. Dun. and Bradstreet report. Retail sales, after setting an all-time record for unit volume in 1940, v;ere running about 20 per cent ahead of last year during the first half of 1941. The ex¬ panding demand has outpaced production and dealers have been finding it increasingly difficult to secure v,-.erchandise as manufacturers have been forced to allot supplies to distributors on the basis of past orders. Delivery dates have been pushed further and further ahead while backlogs of unfilled orders have piled up at factories.
Producers have been seriously hampered by raw iiiaterial shortages although no formal reduction in outpu.t has been introduced.
As defense requirements have tightened supplies the Industry has found it necessary to seek substitutes for aluminum, steel, tungsten, nickel, ard other materials for civilian production,
Ivlany manufacturers have been able to maintain operations at a high rate through work on defense contracts. It is estimated that Governraent orders accounted for about 15 per cent of output in August as the industry virorked on over E200, 000,000 worth of defense contracts c
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