Word: bille
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Dates: during 1940-1949
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...bill's tax-reduction formula-10.5% for the highest brackets, 20% for the middle, 30% for the lowest brackets -"fails to give relief where it ia needed most"-in the lowest brackets...
Last week he was back in Washington on the edge of a political Niagara. Harry Truman studied the hoops and staves of two barrels which awaited him-the labor bill (see col. 2) and the Republicans' income-tax-cut bill...
...bill came first. If he signed it, he would reverse five months of Administration protests against income-tax cuts...
...veto, on the other hand, would require a decision fraught with all sorts of political possibilities; the bill was designed to give U.S. taxpayers $4 billion relief...
This week, Harry Truman climbed into the barrel. He vetoed the bill. The legislation, he wrote, "represents the wrong kind of tax reduction at the wrong time." His points...