Word: budgets
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Dates: during 1930-1939
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There will be no increase in taxes if the next Congress imposes no increases upon the budget or other expenditure proposals which the administration will present. But for Congress to do this, the people must cooperate to effectively discourage and postpone consideration of the demands of sectional and group interests...
...budget passed last week is a great budget. It incorporates most of the retrenchments, many of the reforms which Germany has delayed adopting for years. But the budget is also a Hindenburg budget. It provides loans and relief for the farmers of East Prussia, that "hard luck province" cut off from the rest of Germany by the Polish Corridor which enjoys the particular sympathy of Old Paul, himself a Prussian...
Finally the budget provides for building a second super-cruiser like the famed Ertsatz Prcussen (TIME, Nov. 26, 1928). As pacifists, the Socialists stomached this hateful appropriation only when Finance Minister Hermann Dietrich consented to find the money by doubling the German surtax, i.e. poor Socialist workmen who naturally pay no surtax (a luxury of the rich) will not pay one pfennig toward the new war boat...
...final budget ballot the Bruning Cabinet triumphed by the overwhelming vote of 227 to 64. Almost weepy with relief, Herr Dietrich exclaimed...
...federal loans, seems to be a sound one. But Senator Bingham has stressed the psychological argument of public responsibility and neglected the basic financial wisdom of a solution through higher taxation. It is true that if a person is taxed he will be interested in cutting down the national budget, but the chief support of higher taxes lies in the fact that floating loans at this time will not solve the difficulty permanently, and at the same time will increase the annual budget. According to the majority of Republican leaders the inevitable return to "prosperity" will obviate any further increase...