Word: businessman
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Dates: during 1950-1959
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...Postman's Ring. To Businessman Summerfield., the reports that landed on his Post Office desk were as plain (but by no means as satisfying) as the sales figures had been at his prosperous Chevrolet agency back in Flint, Mich. The Post Office books simply showed that the department was about to run out of money-with three months still to go in the fiscal year. Thus, while the House was still listening to Clarence Cannon's cries of bluff, Summerfield issued the orders that 1) eliminated, effective last week, all regular deliveries on Saturdays, 2) closed all Post...
Neither the big businessman in Boston nor the worker in Seattle seemed to realize that only a puny portion of foreign aid is for genuine economic assistance (in the sense of "plows for Afghanistan"). In the $3.8 billion mutual security budget for the current fiscal year, for example, only $385 million is listed for such purposes. Nearly all the rest goes for military aid and "defense support" and, as such, is more defense than aid. No one said much about cutting defense. Who wants to be against strength...
...often discriminating-taxes. Wrote Florida's Democratic Senator George Smathers to President Eisenhower last week, inp eading for the creation of a Cabinet-ranking Secretary of Small Business: "Every single barometer indicates a general worsening of conditions for smaller firms. Time is running out for the small businessman...
...with annual sales of not more than $1,000,000, or a wholesaler with sales of $5,000,000 or less; Washington wags describe it as one that cannot afford to keep a lobbyist in the capital. Actually, the facts speak more eloquently on behalf of the troubled small businessman than any lobbyist could. More small concerns went out of business last year than in any year since 1940; bankruptcies this year are running higher than in 1956. Small business' share of total manufacturing sales slipped from...
Corporate and individual income taxes are only part of a small businessman's tax troubles. There are many other taxes that often discriminate against him in favor of big business. For example, many small companies with limited capital are forced to buy used equipment or old buildings, but must depreciate their investment for tax purposes at a less favorable rate than permitted for the new equipment big companies can afford to buy. Worst of all, inheritance taxes are so stiff that the heirs of many small family-owned businesses are often forced to sell off their holdings at distress...