The Independent Film Journal (1953)

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d’evotedV^I "best Interests «ftZ m otT o“n "pic t u"r e industry m m m m,m m mm m mm m mm mm M i-mm m m m m mm mm mm m m m m DEAR PRESIDENT ■ ENATE AMENDMENTS BAR TAX REPEAL APPROVAL IVERNMENT REVEALS 1952 riCKET BUYING STRUCK RECORD LOW RKO SLATES 13 RELEASES THROUGH YEAR V B ADOPTS WIDE SCREEN PROCESS FOX PLEDGES HEAVY CINEMASCOPE SCHEDULE. LOWER EQUIPMENT COST UA FOREIGN GROSSES SKYROCKET REVIEWS pages 10, 11, 16, . r THIS week, the Mason Bill (H.R. 157) to repeal the 20 percent Federal tax on motion picture admissions was passed by an overwhelming voice vote in the House of Representatives. It was then sent to the Senate, where the Finance Committee signifi¬ cantly reported the bill out to the floor favorably without a hearing and without amendments, even though it had just rejected a measure to decrease excise taxes paid by the liquor industry, saying it was an improper time for such reduction. 32, No. 1 July 25, 1953 The situation is subject to change as this is being written. There is no limitation on debate and amend¬ ments can be freely offered from the Senate floor. This was not the case in the House when the Ways and Means Committee reported the measure out un (See Page 3) tered as second class matter October 25, 1946, at the st Office at New York, N. Y., under the act of March