Word: excess-profits
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...salt domes and along the shores of Texas, the cracking towers and silvery balls of synthetic rubber, plastics and fertilizer plants had created a new chemical empire. Profits had helped pay for expansion. An excess-profits tax would not only nip the expansion but, if the wartime formula was followed, would hit the most progressive companies hardest (Jersey Standard would pay more heavily than U.S. Steel). As Vermont's Senator Ralph Flanders said: "You can say so much against it [an excess-profit tax] that I have difficulty in understanding what anybody...
...French political bloc in Quebec and Ontario, Mackenzie King has soft-pedaled the question of conscription for overseas service, which in the last months has been brought up with increasing vigor by the all-out-for-Britain citizens of the prairie Provinces and the West. Canadian businessmen oppose the excess-profit taxes, the regulations, the price ceilings that the wartime Government has set. And Canadian labor resents wage ceilings quite as much, cites the cases of many labor leaders and radicals locked up under the steel-lined Defense of Canada Regulations to prove that the King Government is antilabor...
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