Word: doughton
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Wise old (77) Representative Robert L. Doughton of Laurel Springs, N.C. had displayed his usual foresight. Ready was the Congressional tax expert, round-faced Colin F. Stam, with a much less direct approach to the voters' wallets. Mr. Stam brought in a list which tapped the middle-incomers much more lightly by income taxes but clipped everyone much more thoroughly via indirect or nuisance taxes (see Table, p. 22). True, Mr. Stam's income taxes do not pretend to bring the U.S. in as much new revenue as the Treasury's ($1.1 billion against $1.5 billion...
...problem then passed to Congress, to the great horny hands of Representative Robert L. Doughton of North Carolina, House Ways and Means Committee chief. Mr. Doughton, hoary expert at turnip-bleeding, said curtly that he thought the turnips could take it. To Mr. Doughton this week, from Henry Morgenthau, came the Treasury's recommendations. They included a hike in the basic income-tax rate of 2.2 to 6.6 per cent, lower exemptions, surtaxes on all incomes over...
...Received the Doughton Bill raising the national debt limit to $65,000,000,000, and providing for taxes on future Federal securities...
...finance the U. S. Government and its defense program next year. To an informal White House supper went Congressional chiefs of the revenue committees, Treasury and Budget Bureau heads: Mississippi's Pat Harrison, Georgia's Walter George, of Senate Finance; North Carolina's Robert Doughton, Tennessee's Jere Cooper, of House Ways & Means; Treasury Secretary Henry Morgenthau, Assistant Secretary John L. Sullivan; Budget Director Harold Smith. Their problem was to raise a hoped-for $10,000,000,000 of Federal revenue for fiscal 1942, as against fiscal 1941's expected...
...Doughton conceded that huge defense expenditures could not be put on a pay-as-you-go basis, but he urged that every effort be made to cut other outlays and meet them with now levies. He added that a new tax bill would be offered to the next Congress when it convenes in January...