Word: dan
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Dates: during 1950-1959
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During the preliminaries of the struggle over extending the excess-profits tax. House Speaker Joe Martin outlined the problem in one sentence. Emerging from a half-hour meeting in which he tried to get support for EPT extension from New York's old (77) Dan Reed, chairman of the Ways & Means Committee, Martin reported, in characteristic good humor: "We were only one word apart-he said 'no' and I said 'yes.' " Last week the one-word distinction caught House Republicans in a party-rending conflict between Dan Reed's belief in precedent and principle...
...last-minute fighting over the excess profits tax, U.S. Steel's Ben Fairless came out for a six-month extension, and President Eisenhower personally asked balky Dan Reed to let his House Ways & Means Committee vote on an extension bill. But Reed stayed firm in his resolve not to send a bill to Congress. Speaker Joe Martin still predicted that "We will get [the bill] passed," but the odds were against...
After considerable backstage wheedling, Joe Martin got Dan Reed to open hearings on EPT (TIME, June 1). But the hearings last week turned out to be farcically one-sided. Treasury Secretary Humphrey, instead of fully arguing the merits of the extension, was forced to defend himself against charges of lobbying for the bill. He admitted that he and Under Secretary Marion Folsom had spoken to officials of the National Association of Manufacturers and the U.S. Chamber of Commerce (both have stuck to their stand against EPT extension). Nearly all the witnesses summoned by the committee turned out to be against...
...Amendment. Old Troll Reed was on guard at the byroads, too. Afraid that the Administration might try hitching a makeshift EPT rider to the Reciprocal Trade Agreements Extension bill, Dan simply bottled up the reciprocal trade bill in his committee. The committee, said Dan, was "too busy" to deal with the bill-until the White House and congressional leaders gave their word that they would permit no such trick amendment. Dan won. "At my request," he announced last week, "I have now received airtight assurances from the White House, from the Senate and House leadership, that they will oppose...
This week Joe Martin called a meeting of top Republicans to consider means of getting past Dan Reed. Dan offered one possible compromise: extend EPT just three months, to Oct. 1, and then cut EPT and personal income taxes together (three months ahead of Administration schedule). The Administration cocked an anxious ear because it looked more and more as if there were no prospect of getting all the way across Reed's bridge...