Word: humphrey
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Dates: during 1950-1959
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...Secretary of the Treasury Humphrey announced that the U.S. was in sight of two longed-for goals - a balanced budget and lower taxes...
Since his return to Hollywood, Goodman has worked on such recent TIME covers as the Audrey Hepburn, Humphrey Bogart, Walt Disney and Gwen Verdon stories. A serious student of the movie industry, Correspondent Goodman has collected over the years a library of some 1,000 books from a 1671 volume, Ars Magna Lucis et Umbrae (The Great Art of Light and Shadow), dealing with the invention of the magic lantern, to Mary Pickford's autobiography, Sunshine and Shadow...
Comic Lewis is at his best when he is wildest: he gives a fine take-off of a choral conductor, dances insanely, impersonates Tough Guy Humphrey Bogart. Partner Dean Martin is better as a straight comic than as a singer. Otherwise, as the team goes through some tired slapstick movie routines, e.g., a chase on water skis, moviegoers may conclude that Martin & Lewis are headed for the fate that befell Abbott & Costello: all they do is make money...
Treasury Secretary George Humphrey also was not impressed by the present program. Labeling the write-offs "an artificial stimulus of a dangerous type," Humphrey asked the subcommittee for a sharp reduction in the use of special tax incentives. When the program began, said Humphrey, the excess-profits tax took up to 82% of corporate profits. But the excess-profits tax has ended, and continuation of rapid write-offs could prevent tax reductions for all taxpayers. In 1955 alone, said he, the Treasury will lose $880 million because of the write-offs...
...Humphrey was not for complete elimination of the write-offs. But he wanted a program which would grant rapid tax write-offs to produce a defense item available in no other way. Plants that make products which have a civilian use should stand on their own feet, said he, and expand with the market, not under Government stimulus. Humphrey expects the Government to have a new program ready soon "on a proper basis...