Word: counter-threat
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Dates: during 1936-1936
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...Franklin Roosevelt. Cannily Chairman Harrison let himself be overridden when a majority of the committee moved to down this new tax from the 42% high set by the House to 4%. But when the majority next threatened to do away with the tax altogether, Pat Harrison tossed out a counter-threat to write a minority report, take the fight to the Senate floor. Result was a compromise on a 7% undistributed profits tax (except for banks, trust companies, insurance companies and certain corporations). Bargains were also driven...