Inasmuch as the interest on the bonds will be tax exempt in Germany. we now ask that the interest on them be tax exempt in the United States. inasmuch as. in my opinion. a great number of persons in the United States who are of German descent would buy the bonds. Mr. President. adoption of this amendment is required. inasmuch as at the present time the escapees and refugees in Germany cannot possibly build houses for themselves. As I have stated before. today the interest rate in Germany on funds borrowed for such purposes is from 7 percent to 9 percent. The result is that nearly half a million German people do not have homes. Let me point out that everyone of the escapees and refugees who now is in Western Germany is a citizen of Germany. because the German law is that if a person of Germanic extraction returns to Germany from Rumania. Italy. or elsewhere. that person is regarded as a citizen. and can vote. The result is that Dr. Adenauer is supported by what is called the Party of the Refugees. which has a total vote of 10 million or 11 million. When he was in the United States. he said that the sort of assistance I now propose is one of the things he would like to have from the Government of the United States. He called attention to the fact that such an arrangement would cost us nothing. for every dollar would be repaid.
Keywords matched
Refugees refugees