Word: bond
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Dates: during 1950-1959
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This time, the Administration had abandoned its position that the Federal costs should be financed by a bond issue. The House bill would pay a large part of the Federal share with regular appropriations. But it would also levy additional taxes of $14.8 billion on highway users during the life of the program. The present 2?-per-gallon federal tax on gasoline would go up to 3?. Tires would be taxed at 8? per lb., instead of 5?. Excises on trucks, buses and trailers would be raised from 8% to 10%. The added tax cost to the average motorist...
...prize surprise proposal brought howls of laughter from both sides of the House. He proposed a new ?1 bond, which would pay no interest at all. Instead, the interest would be put in a pool, and every three months the holder would stand a chance of winning up to $2,800 tax-free in a lottery held by the government. Anticipating moral objections, Macmillan insisted: "This is not gambling, for the subscriber cannot lose...
...about immorality. Laborite Harold Wilson taunted: "Now Britain's strength, freedom and solvency apparently depend on the proceeds from a squalid raffle." The left-wing New Statesman and Nation labeled Macmillan's proposal "the birth of the windfall state." But the august London Times defended the new bond, and so did the Financial Times...
After holding the offices of Manhattan's Daily Worker for eight days, the U.S. Internal Revenue Service last week let the Communist daily's staffers go back to their desks. Price of the settlement: $3,000, which the Worker's attorney put up as bond for the release of typewriters, desks, Addressograph machines, etc. As the Worker's workers settled in, U.S. Attorney General Herbert Brownell said that the raids on the Worker and the Communist Party in six U.S. cities were aimed at collecting delinquent taxes and not at halting subversion. They were not planned...
Danielle Darrieux retains an aristocratic air throughout her relations with valet Mason. Her scheming has a real scope, and her sardonic, unrelenting smile is very convincing. Michael Rennie, nattily attired in a Bond-tailored-to-measure suit, is the London office's special troubleshooter sent to Ankara to bust open the nasty mess. He and his Hollywood-styled henchmen, who take part in the inevitable last-reel chase, resemble Dragnet posses currently on view on television. Otherwise, settings appear authentic, and the total lightweight result is quite entertaining...