Word: fiscal
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Dates: during 1930-1939
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...Bureau of Internal Revenue last week announced that during the past fiscal year it paid $75,641.18 in 77 bonuses to people who tattled on tax evaders. Authorized by law to pay informers up to 10% of the amount recovered, the Revenue Bureau makes it relatively easy for a would-be tattler. He merely gets in touch with Internal Revenue field agents or directly with the Commissioner of Internal Revenue in Washington, reports that someone has skimped in his tax report. If the evidence seems reasonable, field agents inspect questionable records, interview the suspected offender, notify the proper tax division...
...Excision of a levy whose revenue even its supporters estimated at only $45,000,000 a year was therefore more significant as a political weathervane (pointing in the same direction as the defeat of the Wages and Hours Bill last December), than as a fiscal dilemma. Most reliable source of Federal income in an emergency is always liquor. Last week, having been assured by New York's John O'Connor that "you could not possibly spend more than 50? a gallon in making whiskey," the House approved an amendment raising liquor taxes from $2 to $2.25 a gallon...
Last week when President Roosevelt signed away $250,000,000 more for relief, WPA had become just about the grimmest thing in the country. The new appropriation will be spent before June 30, bringing the relief expenditures for the fiscal year of 1938 to $1,750,000,000. Most of the additional funds will pay the wages of 500,000 more relief workers. This spring, the total on the WPAyroll will be 2,500,000-the highest in two years with the exception of a single week during the 1936 drought...
...John Simon, Chancellor of the Exchequer, showed in his White Paper last week planned expenditures of $1,758,750,000 for the coming fiscal year which begins April 1, whereas the total for the previous fiscal year...
Prime Minister Neville Chamberlain recently sounded fair warning that rearmament expenditure by Britain will continue to increase each year at least through fiscal 1940. Explaining itself, the Chancellor's White Paper said: "The paper proceeds on the assumption, now almost universally accepted, that the steps taken by His Majesty's Government to make good our defense are unavoidable and that they furnish a steadying influence in the present state of international relations...