Word: budgets
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Dates: during 1930-1939
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Stanley Baldwin having been disposed of, the House got down to business. Up for discussion came the tax on growth of profits proposed by Neville Chamberlain in his Budget Speech (TIME, May 3). Leveled at Britain's fattened armament firms, this tax was originally designed to yield an annual revenue of $125,000,000 toward the cost of the Government's $7,500,000,000 five-year armament plan...
Tired of mushroom Cabinets, most Japanese hailed the new Government with enthusiasm, felt that if it could survive the next Budget it might restore unity, permanence and some sort of liberalism to Japanese politics...
Chairman Doughton of the House Ways & Means Committee seized the opportunity to blame on wealthy tax-dodgers the whole $400,000,000 shortage in revenues from the estimate in the President's last Budget message. But that would have taken 8,000 millionaires wiggling out of $50,000 in taxes each, and the Doughton theory soon perished...
...During their academic year of internship, the students were assigned to budget directors, executive officers and administrative assistants, research divisions, personnel directors, and other important administrators . . . . They actually worked and studied in more than 30 government agencies as a result of changes in training assignments during the course of the year . . . . Through the universities in Washington arrangements were made for the interns to do academic work supplementing their practical experience...
...Economies of $300.000.000 or $400,000,000, Congress to decide where and how, to effect a "layman's balance"* of the Budget...