Word: aaa
(lookup in dictionary)
(lookup stats)
Dates: during 1930-1939
Sort By: most recent first
(reverse)
...Palm Beach sent the President his resignation as Assistant Attorney General. With the resignation went a memorandum from Attorney General Cummings pointing out that Mr. Wideman had won ten of the eleven cases he argued last year before the Supreme Court. Although the case which he lost was the AAA decision, there came back a note: "This record of Wideman is grand! Congratulate...
...policy is succeeding. The figures prove it." The figures he produced indicated a net deficit for fiscal 1937 of only $518,000,000, exclusive of work-relief expenditures. They promised rising revenues, falling expenditures, dwindling deficits. While his budget message was being read, the Supreme Court handed down its AAA decision depriving the Government of $547,000,000 annually in processing taxes. Within three weeks Congress authorized a Bonus expenditure of $2,250,000,000 over his unemphatic veto. Franklin Roosevelt therefore faced the probability of a Federal deficit exceeding any other of Depression...
...Housing Administrator McDonald came & went. It would be safer to steer a little toward the Rock of Taxes, for the Congressional current would suck him back anyway to the Whirlpool. Hence he confirmed the fact that he would ask about half a billion in taxes to pay for his AAA substitute. On Bonus taxes he still remained silent. Meantime he took two steps to reassure the public that he was steering toward Economy...
...Congress wrestled long with the cotton problem, finally passed the Bankhead Act compelling cotton farmers to obey AAA by putting a heavy tax on anyone who produced more than his quota. Two months later Congress wrestled again and did the same thing for tobacco growers. Last summer Congress wrestled a third time, handed potato growers a similar gift. Last week Congress had a second thought on all three subjects...
Reason that second thought came easier to Congress than first thought: Study of the Supreme Court's majority and minority opinions in declaring AAA unconstitutional indicated that not only would the cotton, tobacco and potato acts be found unconstitutional but the Court's vote would probably have been unanimous. Instead of waiting to receive another judicial kick in the pants, New Dealers decided to discard the pants in advance...