“SOCIAL SECURITY.”
ROOSEVELT’S ASSENT TO BILL. HEAVY TAXATION PROGRAMME. By Telegraph—Press Assn.—Copyright. Washington, Aug. 14. President Roosevelt has signed the Social Security Bill. Intended to safeguard millions in old age and times of stress, the Social Security Bill received final congressional approval in the Senate without a recorded vote, thus ending seven months’, turbulent debate and backstage negotiation, stated an earlier cable. The Bill imposes the greatest tax burden ever approved by Congress. It provides old age and unemployed benefits for 25,000,000 workers and appropriates millions of dollars for aiding handicapped mothers and children. Many members of Congress forecast that part or all of the Bill will be invalidated by the Supreme Court. The section most frequently challenged on constitutional grounds authorises the creation of a nation-wide old age pension fund by levying a 3 per cent, tax on employers and employees against the salaries Of workers up to £6OO a year.
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Bibliographic details
Taranaki Daily News, 16 August 1935, Page 5
Word Count
152“SOCIAL SECURITY.” Taranaki Daily News, 16 August 1935, Page 5
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