Word: antitax
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Dates: during 1950-1959
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Keep Your Shirt On. One of the most vocal members of the antitax faction was George Humphrey, former Secretary of the Treasury, now board chairman of National Steel Corp. Snorted Humphrey: "They say a budget deficit is needed to cure the recession. Well, we've got one already." The tax cut he sponsored in 1954 was an "honest" tax cut, said Humphrey, because it was covered by savings in Government spendings. But present tax cut proposals are "dishonest" because they involve bigger Government deficits. Humphrey's formula for curing the recession: "Keep your shirt on." Against this view...
Last week, on a rare note of bewilderment, Eugene Cervi confessed on Page One that the Rocky Mountain Journal's antitax campaign had received a mountainous boost; to his office had come a letter from an anonymous "admirer" urging continued efforts to "stop big Nick in his tax campaign." Enclosed: a $1,000 bill, with the suggestion: "If you can't go along with my idea, then turn the money over to your favorite charity...
...often happens with TIME stories, ^our interest in France's Pierre Poujade (see cover) began even before the press of his own country took him up. Late in 1954 Paris Bureau Chief Frank White heard that some government officials were worried about an antitax rumbling in the provinces. White sent Correspondent Stanley Karnow, whose report on French youth (TIME, May 30) provoked a sensation in France, into the provinces to investigate. Karnow found Poujade haranguing a crowd in a Tours ballroom. Afterward, when Karnow suggested a drink and a talk, a Poujade lieutenant advised: "Don't waste your...