Word: aaa
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Dates: during 1930-1939
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There was just one drawback: Mr. Davis foresees the possibility that before the end of the next four years, the U. S. Supreme Court may decide that there is no Santa Claus. In the event of such a decision adverse to AAA, he announced...
...suits against tobacco processing taxes. In Detroit, Denver and Kansas City Federal judges restrained the Government's tax collections. Processing taxes on wheat, corn, hogs, cotton, tobacco were contested. A temporary injunction against the operation of the Bankhead Cotton Act was issued in the Texas courts. All told, AAA found itself facing 705 court challenges, which meant that 705 processors were eager to maintain before the law that the Christmas gifts farmers have been getting do not come from Santa Claus, that processing "taxes" are but white whiskers to conceal the fact that one group of citizens are putting...
...reason for these numerous challenges was that the NRA Supreme Court decision hinted that AAA might also be unconstitutional. Another reason was the attempt made to have the AAAmendments before Congress (see p. 10) include a provision to forbid suits for recovery of processing taxes even if illegally collected. The courts, as well as the litigants, were stirred to action by the prospect that suits for recovery might be forbidden. Said...
...income from processing taxes cut off would prove a knock-out blow to the Roosevelt farm policy. The packers suing in Chicago alone pay taxes of some $95,000,000 a year. All told, processing collections reached $495,000,000 in fiscal 1935. Under its old contracts with farmers, AAA has to complete its benefit payments regardless of whether processing taxes cease...
Last week AAA was counting on farmers as allies to help save it from that misfortune. Since farmers naturally want Christmas presents in their stockings, whether AAA gets their presents from Santa Claus or from highway robbery is a secondary question. Therefore last week farmers and AAA were working hand in glove to discourage legal attacks upon processing taxes...