Document om8r579O0R58Op0817Kj4063X

NEWEST GAS TURBINE Only a Prosperous America Can Be Free CfBKNQ May 50 million American workers j trill get from the Congress of the United ' states ft real incentive to work. These two predictions are not advanced as mat ters of opinion. They are based on facts reported by McGraw-Hill field editors. ACCOIOBr OIA* BOX being on hofi Ot comprtliol I^Rtendcontolns governor, lu.1 pump, oil pump, othw l,,n, js incentive is called a tax cut. Beginning May withholding tax on incomes will be reduced, ^ everyone a much-needed increase In take[jS&ipay. These facts show why the reductions in upper bracket Income tax rates are most significant for our continued prosperity. For the first time in more than twenty years the tax burden on people who can afford to risk their savings has been lightened. To Jfut th* tax cut toil! have a far more important find out what this will mean to the economy, FORWARD END OF COMPRESSOR 6 W Wllvon, 6-E Co, " 111 It map be literally a li/e-aaver for American fStployment and production -- and, hence, for the McGraw-Hill field editors all over the nation asked a group of business executives making $15,000 a SSujity of the world. It will help to do two things (fwbich must be done If our economy Is to continue to year or more how they will use the money which the tax cut gives them. Here is what they said:- |ftimlah good jobs and good earnings. L They plan to save -- not spend -- three-fourths of will generate part of the private funds for in- the money they keep as a result of tax reduction. An auxiliary diesel engine start) the'-! gaa turbine from cold shutdown con dition. Two spsrk plugs Jight-ofi the i^S'esitment In common stocks --the "risk capital" CJfStobich we need to sustain prosperity. p& - diesel fuel in all six combustion chim-dH p.tflt will provide part of the incentives necessary bets through cross-ignition tubes. Wbeo^ make American business management still reaching idling apeed. bunker-C oil, j; 'v'.'r'njors effective. the main running fuel, displaces thcA diesel fuel, and the starting mcchan-^ ism, including spark plugs, mtoraslk-fc ally cum out. .h 2. They plan to invest one-half of these savings In common stocks. If all persons making over $15,000 follow this pattern, they will make avail- able about a half billion dollars of risk capital for American industry. At full speed, the I5:stage axial-^ flow compressor takes in 80,000 cfnr*> of air delivering it a( 6 atmospherej'| pressure to the combustion chamber). ? The turbine drives the compressor and * delivers 4500 hp through a reduction 'f gear to four d-c generators. tJ An elaborate teat setup provides fot'T taking more than 400 measurement* Kg to determine not only the performance < of the over-all plant but also the (u** tioning of the individual elements. In ? this wsy required modifications and ] Improvement* con be made immediatelyand new methods and processes ms}' \ be tried on a day-tnday basis. > On March l, 1948 the unit accunw- ^ lated over 300 hours "hot" operating j lime, mote than hall on bunker-C fed. * To date no evident need (or mskinl tTM changes in basic design hal appeared. Sj. WHAT THE TAX CUT WILL DO TThol toil! upper brocket taxpayers do with their tax savings? What can business expect as a result? To AM8WEB these oubstions, McGraw-Hill field editors Interviewed a carefully selected sample of business executives earning $15,000 a year or more. Here, for the first Ume, are solid facts that show how tax reduction will effect the supply of risk capital and business incentives. These ore the results: 1) How much of your tax reduction will you'save? S) How much of your tax. savings will you invest In common stocks? 3) Will lower taxes lead you to switch some of your investment In bonds to stocks? 4} Have you passed up an opportunity to invest in a new business in the last five years because the return after taxes 5) Will lower-taxes nuke you more in clined to take o risk on a new business? Yes 80% 6) Have you tumod down the opportunity to take a bigger Job In the last five years becauso taxes would toko too much of the additional Income, offered? Yes 13% ?) Do you know of actual cases of execu tives who have turned down, bigger Jobs or more work because of taxes? Yes 38% 8) Will lower taxes make you more in clined to take on a bigger job or more VulW. .