Word: deficits
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Dates: during 1920-1929
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...President Coolidge declared that he thought the tax reduction of $387,000,000 carried in the bill was dangerously large, and Congress would have to be very economical in its appropriations in order to prevent a deficit...
...calendar year of 1927. For various reasons it is believed that the loss of revenue for the fiscal year 1925-26? will be only $208,000,000, and for 1926-27 only $307,000,000. So it is not believed the Treasury will face a deficit. The chief items which go to make up the grand reduction...
...abolition of the tax on admissions, trucks and automobiles came in a stormy session with both Senator Smoot, Chairman of the Finance Committee, and Senator Simmons, ranking Democrat, maintaining that the taxes should not be stricken out, that their loss would create a deficit next year...
Conclusion. M. Lamoureux, reporter of the original Cartel bill, stormed: "If the Chamber goes on at this rate, the budget deficit will never be met by our scheme and we shall have to accept after all the Government scheme of a sales tax or tax on payments" (TIME, Feb. 8 et ante). Since the Chamber gave every sign of continuing to "go on" indefinitely, M. Lamoureux and the Socialist fiscal expert, M. Auriol finally walked out of the Chamber hurling shrill rebukes right and left...
...costs and insure expansion. Already some field work had perforce been abandoned; reports of costly expeditions had not been printed; endowment income had had to be diverted from scientific ends to meet salaries, rent; the trustees had had to contribute $51,000 to balance the books without a deficit. New collections, though given, require new attendants to care for them. Gifts of land from New York City require building funds. Privately-financed expeditions bring new throngs of spectators, letter-writers, question-askers to be cared...