Word: excessive
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Dates: during 1940-1949
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...rebels, Republicans piled up a margin large enough to override an expected presidential veto with 19 votes to spare. Democrats didn't have a chance. Just before the final vote, the House had rejected their substitute bill, which would have made up for revenue losses with a new excess-profits...
...cover the surface with a "monomolecular layer" (one molecule thick) of a fatty acid to keep dust off the glass. This process sounds formidably scientific, but in practice the glass was covered with a well-advertised brand of hair oil (essentially an emulsion of lanolin), and the excess wiped off carefully with special wool flannel...
What had caused it? As usual, the Street had many answers. Some blamed short selling, selling by foreigners, uncertainty over the Marshall Plan and the plea to Congress by Bernie Baruch, a crack speculator himself, to forget tax cuts, put back an excess-profits...
...Clamp back 50% of the wartime excess-profits tax; postpone tax reductions another two years...
...save taxpayers an estimated $5.6 billion. As chairman of the House Ways & Means Committee, Republican Knutson meant to give short shrift to an Administration bill calling for 1) a flat $40 across-the-board cut in income taxes, and 2) a revenue-balancing reinstatement of the wartime tax on excess corporate profits. Even among Democrats, the Administration bill found few enthusiasts. North Carolina's tough old "Muley" Doughton, ranking Democrat on the Knutson committee, refused to introduce it. To get this futile chore done, the White House had to go all the way down to the committee...