California Retail Hardware Association. The Hardware Association of the Carolinas. Connecticut Hardware Association. Georgia-Florida Hardware Association, Inc. Illinois Retail Hardware Association. Iowa Retail Hardware Association. Louisiana-Mississippi Retail Hardware Association, Inc. Michigan Retail Hardware Association. Missouri Retail Hardware Association. Montana Hardware & Implement Association. Mountain States Hardware & Implement Association. New England Hardware Dealers Association. Oklahoma Hardware & Implement Association. Pacific Northwest Hardware & Implement Association. Pacific Southwest Hardware Association. Pennsylvania & Atlantic Seaboard Hardware Association. South Dakota Retail Hardware Association. Tennessee Retail Hardware Association. Texas Hardware & Implement Association. Tri-State Hardware & Implement Association. Virginia Retail Hardware Association. Western Retail Implement & Hardware Association. Wisconsin Retail Hardware Association. National Retail Merchants Association. National Small Business Men's Association. National Soft Wheat Millers Association. National Tire Dealers & Retreaders Association, Inc. Taxpayers Educational Association, Inc. Northwest Furniture Retailers Association. Northwest Independent Dairies Association, Inc. Northwestern Retail Coal Dealers Association. Southern States Industrial Council. Southern Wholesale Tobacco & Candy Association. Southwestern Peanut Shellers Association. Alabama Petroleum Jobbers Association. Associated Industries of Arkansas, Inc. Arkansas LP Gas Association. Arkansas Oil Marketers Association, Inc. Arkansas Wholesale Grocers Association, Inc. Florida State Retailers Association. Florida Wholesalers Association. Indiana Bakers Association. Indiana Tobacco & Candy Distributors & Vendors, Inc. Iowa Associated Businessmen. Iowa Independent Oil Jobbers Association. Iowa Independent Warehouse Association. Iowa Limestone Producers Association, Inc. Associated Industries of Kentucky. Employers Council of Kentucky, Inc. Kentucky Association of Tobacco Distributors, Inc. Kentucky Merchants Association, Inc. Kentucky Retail Lumber Dealers Association, Inc. Kentucky Wholesale Grocers Association. Michigan Tobacco & Candy Distributors Association. Missouri Oil Jobbers Association. Montana Automobile Dealers Association. Montana Chamber of Commerce. Montana Wholesale Grocers' Association. N.C. Association of Launderers & Cleaners. Independent Livestock Marketing Association of Ohio. Tennessee Wholesale Grocers Association. Detroit Milk Dealers, Inc. South Omaha Merchants & Professional Men's Association. New Bremen Civic Association (Ohio). Cairo Chamber of Commerce (Illinois). Fort Dodge Laboratories (Iowa). Retail Tobacco Dealers of America. Illinois Retail Merchants Association. Ohio Petroleum Marketers Association, Inc. AMERICAN ASSOCIATION OF SMALL BUSINESS, In re statement of endorsement. Cochairman, Trade Association Information Committee for the Taxation of Cooperatives, Washington, D.C. DEAR MR. NORTH: This will acknowledge receipt of your communication of May 16, with reference to the proposed hearings on the matter of cooperative taxation by the Ways and Means Committee of the House of Representatives. Thank you very much for enclosing a copy of a statement by Mr. Brady 0. Bryson, counsel for your group. The American Association of Small Business, Inc., has, for many years, supported legislation to require competitive tax-exempt cooperatives to pay the same rate of taxation as corporations are required to do. Any legislative action taken by the House Ways and Means Committee and the Members of Congress short of complete taxation on this basis is unfair, and should be considered class legislation. Competitive, cooperative corporations, as you know, are allowed to build up large reserves which are never actually distributed and on which no tax is paid. On the other hand, corporations pay as much as 52 percent tax on all profits and are then required to withhold the tax on dividends paid to stockholders. In all fairness, this is an unjust attitude because it places the cooperative corporation in a position of being tax exempt and in competition with tax-paying corporations engaged in the same industry. Such treatment of corporations removes the incentive to go into business, employ more people, create additional sources of income tax revenue, and in general discourages businessmen and robs them of their initiative. The American Association of Small Business, as you know, was organized in New Orleans in 1941, and we have spread out now until we are working in all 50 States of the Union. Your presentation of this communication to the House Ways and Means Committee, so that it may be recorded in the records of the hearing will be very much appreciated. Yours for keeping small business in business, and J. D. HENDERSON, National Managing Director. STATEMENT OF ENDORSEMENT AMERICAN INDUSTRIAL BANKERS ASSOCIATION, The American Industrial Bankers Association, comprised of 776 members, which is basically an organization made up of industrial loan companies and other organizations interested in the field of consumer installment credit, endorses the statement of Brady O. Bryson, counsel, Joint Committee on Taxation of the Milk Industry Foundation and the International Association of Ice Cream Manufacturers. It is our understanding that this statement is to be made before the Ways and Means Committee on May 24. Although our association is not basically affected through the taxation of cooperatives, it has throughout the years endorsed the principle of tax equality. Sincerely yours, TRADE ASSOCIATION INFORMATION COMMITTEE, DONALD E. DURICK, Executive Vice President. CHICAGO, ILL., May 22, 1961. This organization as the national association for retail coal distributors throughout the bituminous coal consuming territory of the country continues to urge equality of taxation for its membership and supports your efforts as outlined in the current statement made to the Ways and Means Committee of Congress on the tax bills now being considered. AMERICAN RETAIL COAL ASSOCIATION, STATEMENT OF ENDORSEMENT CIVIC ASSOCIATION OF AMERICA, MESSES. R. H. NORTH AND L. J. CALHOUN, DEAR SIRS: The Civic Association of America, representing approximately 22,000 independent businessmen hereby endorses the statement of Brady O. Bryson, counsel, Joint Committee on Taxation of the Milk Industry Foundation and the International Association of Ice Cream Manufacturers, and request this communication be inserted in the congressional record in its appropriate place. Until such time as the 16th article of amendments to the Constitution of the United States shall stand repealed, this association shall exercise its constitutional right to petition Congress to bring about fair and equal taxation to all business, without favoritism to the few (co-ops in this instance--as the most obvious business to have favoritism in the eyes of the U.S. Internal Revenue Service). Your association is to be commended for your stand, insofar as your membership includes co-ops. Gentlemen, you have our greatest wishes for success in your stand. I regret that I have a previous commitment and will be unable to attend the hearings. Very truly yours, E. DWAYNE CAVNAR, President. R. H. NORTH, MINNEAPOLIS, MINN., May 23, 1961. County Chairman, Trade Association Information Commission for the Taxation of Cooperatives, Washington, D.C.: The Farm Equipment Wholesalers Association endorses the statement of Mr. Bryson to be presented to the House Ways and Means Committee on May 24, 1961, recommending a basis for equitable taxation of cooperatives. FARM EQUIPMENT WHOLESALERS ASSOCIATION, STATEMENT OF ENDORSEMENT MATERIAL HANDLING EQUIPMENT DISTRIBUTORS ASSOCIATION, Washington, D.C., May 23, 1961. The Material Handling Equipment Distributors Association endorses the statement presented to the House Ways and Means Committee on May 24, 1961, by Brady O. Bryson, counsel, Joint Committee on Taxation of the Milk Industry Foundation and the International Association of Ice Cream Manufacturers. Mr. Bryson's statement expresses our views on the question of the taxation of cooperatives. WILLIAM R. NOBLE. NEW YORK, N.Y., May 22, 1961. ROBERT NORTH, IAICM, Washington, D.C.: We endorse statement of Brady O. Bryson which will be presented to the House Ways and Means Committee on May 24 on subject of taxation of cooperatives. MOTOR & EQUIPMENT MANUFACTURERS ASSOCIATION, UPPER DARBY, Pa., May 23, 1961. WILLIAM CARTER, International Association of Ice Cream Manufacturers, The National Appliance & Radio Television Dealers Association endorses the statement of Brady O. Bryson, council, Joint Committee on Taxation of the Milk Industry Foundation and the International Association of Ice Cream Manufacturers. MORT FARR, Chairman of the Board. NEW YORK, N.Y., May 22, 1961. ROBERT H. NORTH, International Association of Ice Cream Manufacturers, On behalf National Association of Flour Distributors, representing over 400 firms in 12 central market territories, thoroughly endorse statement of Counsel Brady Bryson, dated May 24, 1961, on taxation of cooperatives. STATEMENT OF ENDORSEMENT NATIONAL ASSOCIATION OF Washington, D.C., May 24, 1961. This letter is to be considered as an endorsement of the statement on taxation of cooperatives before the House Ways and Means Committee by Brady O. Bryson in behalf of the Joint Committee on Taxation of the Milk Industry Foundation and the International Association of Ice Cream Manufacturers. RICHARD M. POWELL. Mr. R. H. NORTH, NATIONAL ASSOCIATION OF Trade Associations Information Committee, DEAR BOB: I have read with keen interest the very fine statement prepared by Brady O. Bryson for presentation to the Ways and Means Committee. The National Association of Retail Clothiers & Furnishers, which is the recognized trade association of men's wear merchants, has long been keenly interested in this particular subject. On numerous occasions at our conventions the policy of our association has been set to urge upon the Congress the elimination of tax favoritism to organizations which compete with private enterprises paying full taxes. From our study of the situation, this letter constitutes a statement of endorsement the principals as laid down in Mr. Bryson's statement. Our association, established for nearly 50 years, has a membership of over 2,700 retailers of men's wear throughout the country. Cordially yours, LOUIS ROTHSCHILD, Executive Director. NEW YORK, N.Y., May 22, 1961. TRADE ASSOCIATION INFORMATION COMMITTEE The National Association of Tobacco Distributors, representing the entire wholesale tobacco trade, which services 1,450,000 retail outlets all over the Nation, heartily endorses your statement to be presented before the Ways and Means Committee, seeking equality of opportunity via the taxation of cooperatives. JOSEPH KOLODNY, Managing Director. STATEMENT OF ENDORSEMENT NATIONAL ASSOCIATION OF WHOLESALERS, Washington, D.C., May 22, 1961. Mr. BRADY O. BRYSON, DEAR MR. BRYSON: The National Association of Wholesalers, a federation of 32 national wholesale associations (see list attached) hereby wholeheartedly endorses your statement to be presented to the House Ways and Means Committee on May 24, 1961. 70510-61-pt. 3--33 |