Word: knutson
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...needed some reassurance. All week long the Democrats had been snickering as Republicans lambasted each other over the 20% income-tax cut promised by bullheaded Harold Knutson during the campaign. Knutson had tried to bulldoze his Ways and Means Committee into endorsing his bill, only to have Michigan's Albert Engel rebel. Engel's plan: double exemptions to help the low-income group. The fracas had ruffled the G.O.P. leadership itself when Illinois' Leo Allen, Chairman of the Rules Committee, threw in a plan of his own. Allen would give the little taxpayer...
...little attention to the doings in the Senate; its members were busy in a dozen different directions. New Jersey's J. Parnell Thomas promised mysterious but piping-hot revelations from his Committee on Un-American Activities. Michigan's Albert J. Engel disagreed with his Republican colleague, Harold Knutson, on a straight 20% slash in income taxes, complaining "that doesn't help the little fellow much." Mississippi's John Rankin, a junior Bilbo, dramatically unrolled a yards-long petition bearing thousands of signatures, inviting a witch hunt for subversives in the movie industry. That would...
...Heaven Either. Off the floor the Congressmen also labored. House committees, finally organized under predominantly conservative G.O.P. leadership, gathered in committee rooms to discuss legislation. Ways & Means, under Minnesota's Harold Knutson, whipped out a bill to continue indefinitely the $1.2 billion excise taxes, terminated as of July by President Truman's proclamation of the end of hostilities (TIME...
...last Autumn, a Republican from Minnesota promised that his party, if elected, would proceed to reduce income taxes by a flat twenty percent "across the board." A fellow partisan from Massachusetts joined the chorus, pledging his own efforts to a slash of one-fifth. Today, four months later, Harold Knutson of Minnesota is Chairman of the House Ways and Means Committee, and Joe martin of Massachusetts wields the Speaker's gavel. The tax-reduction will stands at the head of the legislative calendar as House Resolution Number...
...effects, but none of the proponents of tax reform have examined HRI at its most vulnerable point. Despite the apparent justice of an equiproportional tax cut for everybody, the bill proves on closer examination to be a vicious example of regressive tax relief. In effect, the brainchild of Messrs. Knutson and Martin gives little aid to the lower income brackets and reserves the plums for the well...