Word: budgets
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Dates: during 1930-1939
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...controversy pursuant to Speaker Garner's "Plea in Homespun"? (1) Is it customary for the Speaker of the House of Representatives to take the floor to deliver his opinion on an issue? (2) Has the seriousness of and widespread interest in the present movement to balance the budget given publicity to the Speaker's taking the floor which, at another time, might pass unnoticed...
While the Senate Finance Committee was sweating over the 1932 Revenue Act to up taxes and balance the Budget, the House of Representatives last week worked itself into a lather of revolt on legislation to cut government costs for the same purpose...
...Balance? To balance the Budget the tax bill will have to raise well over a billion dollars in new revenue. Last week Washington began to fear that the present measure, for all its pricks and thorns, would not accomplish that purpose. Frank Kent, able observer for the Baltimore Sim, reported a "realization, growing stronger every day, that the tax bill, as passed by the House, falls so far short of balancing the Budget that even an approximate balance can't be claimed. . . . The bill will not pull the Treasury more than halfway to the top of the hole?much less...
Feet to Fire. With the House politically set against all serious economy, its leaders feared that the tattered omnibus bill would, in the end, produce savings of only $50,000,000, far short of the amount required to balance the Budget even with a realistic tax bill. Greatly provoked was Speaker Garner at the Democratic runaway from the recommendations of his economy committee. He vowed that roll call votes would later be taken on all important changes "to put the members' feet to the fire in the matter of economy...
...Last fortnight Columbia University announced that, even with economies of $575,000 in next year's budget, the deficit will come to nearly $600,000. No salaries of academic officers are to be reduced. President Nicholas Murray Butler begged that Columbia's 50,000 living" degree and certificate holders give $10 this year and the next and the next...