Word: budgeting
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Dates: during 1920-1929
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...Lamoureaux, budget reporter for the Chamber of Deputies, and a member of M. Caillaux's Commission, declared...
...disagreed with Colonel Mitchell's proposal for a separate air force; nor did he favor the naval air service being given a separate status like the Marine Corps. He suggested a separate naval air budget, and a separate promotion list for naval aviators. He remarked that an aviator is not likely to have roses pinned...
...Mosul border, and demanding that a plebiscite be taken, and the whole matter reopened. 2) China: Chao Hsin-Chu, Chinese Charge d'Affaires at London, begged the League to deliver his country from "the yoke of extra-territoriality." 3) Autria: a protest was entered against the Austrian budget, as set by the League, it being claimed that State employes would be paid less than starvation wages under the present arrangement...
Caillaux's new budget practically reverts to the old two-budget system but in not so violent a form. He produced the usual ordinary budget, which he made to balance by adding 3,500,000,000 francs ($175,000,000) to taxes. He then proposed a sinking fund for the liquidation of War expenses. This sinking fund would: 1) complete reconstruction; 2) pay off France's War debts. It would be fed: 1) by German reparations (which are withdrawn from ordinary receipts) ; 2) by recovery of excessive payments made to various individuals in the devastated regions for reconstruction...
Increased costs of pensions, posts, telephone and telegraph increase the ordinary budget about 2,000,000,000 francs ($100,000,000). The deduction of reparations from ordinary receipts, with the above increases of expenses, will require a tax increase of about 3,500,000,000 francs ($175,000,000). This is to be made up: 1) by increasing schedule taxes (roughly equivalent to normal income taxes in the U. S.); 2) by increasing the tax on unproductive capital; 3) by a sliding-scale tax on all revenue from capital (roughly equivalent to surtaxes...