Word: exempting
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Dates: during 1930-1939
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...Treasurer Henry Shattuck spoke before a group of Massachusetts legislators last Tuesday, he was defending the University against what has recently become a very serious threat to its financial security. Periodically a legislator comes forward with the suggestion that the schools and colleges of Massachusetts should no longer be exempt from taxation, and Harvard must explain the seemingly curious fact that an institution boasting an endowment of several millions of dollars cannot afford to pay a small amount to the community...
...answer to Treasurer Henry L. Shattuck's contention that "Harvard brings millions of dollars into Cambridge," the representative complained that 41 percent of the land in his district was exempt from taxation. Reminded that the presence of the University had raised property values adjoining it, he said, "no doubt prices of land used to be high, but the influence of the Cooperative society at both Harvard and M. I. T. has cut them down...
...concerned, and my family and my wife, who are wealthy people, there has been provided $50,000,000,000 in tax-exempt securities in which we can invest our money and pay no part toward the support of the Government. I think that is a pernicious system." With this as a jumping-off point Doris Duke's husband, James Henry Roberts Cromwell, proceeded to tell the House Ways & Means Committee how to reform the U. S. tax system. He had flown straight from Honolulu and was fairly bursting with ideas. He wanted to abolish all income, gift, estate...
...ridden Governors sounded like pure quixotry. Thanks to plentiful Federal grants for public works and a 2% sales tax inherited from his budget-balancing predecessor, Sennett ("Mike") Conners, Governor White boasts a $5,000.000 surplus in his State treasury. All homesteads valued at less than $2,500 are currently exempt from State taxes. In his opening message to the legislature last week, Governor White expressed the pious hope that all homesteads be exempted, not only from the four-mill State tax but from the 15 to 7O-mill taxes levied by town & county governments. Without specifying exactly how this...
...headline purposes this announcement was precisely what the President wanted. But its significance was precisely nil. Niagara Hudson and Consolidated Edison are intraState companies, unaffected by the Federal "death sentence" on utility holding companies, largely exempt from other sections of the Public Utility Act of 1935 and far from the madding competition of TVA. Moreover, Mr. Carlisle planned to spend the $112,000,000 anyway...