Word: budgets
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Dates: during 1940-1949
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Strategy and hard necessity had dictated the shift. The greater threat to the postwar world lay across the Atlantic, a fact recognized by the North Atlantic pact. Under a peacetime budget, the U.S. could no longer maintain overwhelming defenses in both oceans at once...
Canadians who had waited two years for the government to take another slice off their high-level wartime taxes got good news last week. In his budget speech, Finance Minister Doug Abbott announced that the government would reduce its revenue from income taxes by 32%. Accordingly, he took 750,000 taxpayers off the lists by raising the exemptions from $750 to $1,000 for a single person and from $1,500 to $2,000 for a married couple with no children.* For those who still had to pay, the rates were trimmed. The new rates and exemptions would be retroactive...
Provest Buck announced recently that the Administration would supply special DP scholarship aid, totalling $4200, if undergraduates raise the rest of the money. The Student Council has pledged $1000, a large slice of its annual budget. The Liberal Union has joined in, promising the full profits from one of its film showings...
...World Wars is now in the lap of a highly nervous Congress. This plan, which would give every veteran $90 a month beginning with his sixty-fifth year, is probably the most ambitious special interest plunge into the federal treasury ever attempted by mortal man. The Budget Bureau, in quivering tones, has reported that Mr. Rankin's boondoggle would cost the country something like $125,000,000,000 by the year...
...that he is out in the open, Congressman Rankin is going to have relatively smooth sailing. Most Senators or Representatives would rather spit on Old Glory than be caught in the act of voting against the Veteran, even if they know that the Rankin plan would make the federal budget a grotesque joke. On Tuesday, for example, the House voted twice to chop the enacting clause out of the pension bill--which would have squelched it--but when Rankin demanded a roll call vote, the opposition vanished as if by magic. The enacting clause was left...