Word: extended
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Dates: during 1950-1959
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After feeling the U.S. taxpayers' pulse, Pollster George Gallup last week announced a reading: a majority of the people are willing to wait for tax cuts. Gallup asked voters whether they approve of President Eisenhower's plan to extend the excess profits tax from July 1 to Jan. 1. Results: 55% approve, 17% disapprove, 28% have no opinion. When asked whether they would settle for a cut in individual income taxes on Jan. 1 instead of July 1 "to help balance the budget," the taxpayers showed even more patience: 59% said Jan. 1 would be O.K., 29% wanted...
...bridge to a tempting green pasture, but were stopped by the troll who lurked underneath. Last week Speaker Joe Martin and his congressional captains looked longingly at the pasture labeled excess profits tax extension, where a succulent $800 million in revenues lies waiting. The President had insisted that Congress extend EPT for six months from its July 1 expiration in order to keep up sagging revenues. But extension depended largely on the attitude of the Ways & Means Committee, and guarding the committee was a gruff old troll named Dan Reed...
This week Joe Martin called a meeting of top Republicans to consider means of getting past Dan Reed. Dan offered one possible compromise: extend EPT just three months, to Oct. 1, and then cut EPT and personal income taxes together (three months ahead of Administration schedule). The Administration cocked an anxious ear because it looked more and more as if there were no prospect of getting all the way across Reed's bridge...
...excuse: the witness must be subjecting himself to some degree of danger of conviction of a criminal offense. There are refinements of this subject beyond the scope of this letter. For example, the immunity under the Fifth Amendment of a witness before a federal agency does not ordinarily extend to exoneration from compulsory self-incrimination of offenses under State law; but recently some lower federal courts have refused to find witnesses guilty of contempt of the 'Kefauver committee' when they refused to answer questions tending to convict them of certain State crimes that committee was investigating. A sense of sportsmanship...
...Received from its Ways & Means Committee a bill to extend the maximum bonding period on whisky from eight to twelve years...