Word: beardsley
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Dates: during 1940-1949
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Partially as a result of the unfortunate impression Beardsley Ruml created in Congress by trying to sell himself and Macy's as riders to his plan, Pay-as-you-earn advocates had agreed on the modified Carlson Bill. This bill would cancel all 1942 income payments, except by those persons receiving over $20,000 a year who made more in 1942 than they will in 1943. These persons will pay taxes on the year of highest income, and payment on the other will be cancelled...
...Turned thumbs down on Beardsley Ruml's popular pay-as-you-go tax plan (see p. 12), although in his annual budget message he asked Congress "to put our taxes as far as feasible on a pay-as-you-go basis...
...Federal Reserve System, advanced his own plan to get more money this year into the Treasury. The plan: a 30% withholding tax on 1943 incomes (10% higher than that presently contemplated by Congress), with possibly some adjustment made on 1942 tax liabilities. But total forgiveness as advocated by Beardsley Ruml was definitely not part of the Eccles thinking. With the Government now collecting only about one-third of its total war bill in taxes, the first need according to Eccles, is to get more money...
...deny, must be the final determinant in such cases. At least one constructive suggestion has been made along this line, and that is that the HBSA should bring a number of outstanding people to the campus to address the student body, and not just quit with one, Mr. Beardsley Rumi...
...Beardsley Ruml, originator of the "Pay-as-you-go" tax plan, will give a talk open to all persons connected with the University this afternoon at 3 o'clock in the Carey Cage Auditorium across the river...