Word: excessive
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Dates: during 1950-1959
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Well might the northern land have considered statehood not only a patent right, but one owed her for some time. Her citizens pay in excess of twenty million dollars a year without the privilege of even sending a voting senator to represent them in Washington. Moreover, Alaska has footed the cost of most of her own internal improvements. The Federal Government has given her little but military installations, while Alaska has poured over three billion dollars of raw materials into U.S. factories...
Since 1947, Studebaker sales have jumped from $268 million to $550 million; profits rose from $9,000,000 to a peak of $27,500,000, before being nipped by the excess-profits tax. (In the first three quarters of 1952, hit by E.P.T. and the steel strike, net was $9,000,000.) Studebaker stock has risen from $18 to $41. Like everyone else, Studebaker has been pinched by metal allocations. When all controls are off and defense work diminishes, Vance expects to turn out 520,000 cars a year, 150% more than current production, and get 8% of all auto...
Another imminent problem is the tax with the most popular name and the most unpopular results: the excess-profits tax. The Government in one way or another has to advance billions to industry to make up for the new capital that is dried up by a tax that falls on an efficient expandable business. Humphrey, like most businessmen, is violently opposed to E.P.T., and would-on principle-love to drop it when it expires June 30. But the New Deal era has given "excess profits" such a magic sound that Humphrey will have to make the real meaning of E.P.T...
...teaching of mathematics is "ready for drastic alteration." Instead of the old prep-school curriculum of two years of algebra, one of plane geometry, and one of either trigonometry or solid geometry, schools should place more stress on broad mathematical principles. They should trim away some of the excess fat, condense such topics as complex numbers and logarithmic solutions of triangles in favor of the more enlightening study of calculus and statistics...
...every means possible, e.g., 100% fast amortization and more liberal' treatment under the excess profits...