Word: excessive
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Dates: during 1940-1949
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...President urged Congress to pass a new tax bill swiftly: asked 100% taxation of excess profits-but buck-passed to Congress the problem of defining where excess profits begin. To help solve the farm price ceiling problem he asked repeal of the complicated, inflationary formula which the farm bloc wrote into the price-control...
...compilation of the first-quarter earnings of 150 manufacturing corporations proved what was long suspected: war taxes have overtaken war prosperity. Sales of the 150 were 26% ahead of the first quarter of 1941; but profits after taxes were 16% less. For 77 of the companies, Federal income and excess-profits tax charges rose from 48% to 73% of operating...
Long a Navy favorite, Ebco last month won the official Navy "E" pennant. It has also made money. Profits last year were a record $2,832,000, even after returning $3,100,000 "excess" to the Navy.*Ebco was making subs so fast that it was beginning to worry about orders again; its huge backlog would have been all gone in 1943. But with a $400-600,000,000 slice of last week's appropriation, Ebco would no longer have to worry about that...
Using such dubious ideas as if they were axioms, he finally reasons that technological progress, enabling men to produce more of the necessities with less effort, is "a major cause" of unemployment, of agricultural surpluses, of excess plant capacity, of the decline of free markets, of the falling rate of interest, even of the falling birth rate. These things, he says, in effect, have done in capitalism for good...
News of the Freshman Jubilee has penetrated to quarantined Northampton, and Smith girls have notified Harvard that with the excess energy stored up by being cooped in for months, they will not only be able to accept invitations, but "sure will be rarin...