Word: limitations
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Dates: during 1920-1929
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...budget for the next fiscal year, as completed by Budget Bureau and submitted to the President, called for an expenditure of $1,700,000,000 exclusive of payments on the public debt and postal expenditures. This, according to announcement, is the figure to which President Harding had hoped to limit expenditures. In addition there is $1,300,000,000, for interest and amortization of the public debt, making the grand total $3,000,000,000. (As postal revenues ap- proximately offset the allowance of the Post Office Department, this amount is not an " expense " in the same way as other...
...Limit the deduction of capital losses to 12½% of the loss. The present revenue law limits the tax on capital gains to 12½%, but puts no limit on the capital losses. It is believed it would be sounder taxation policy generally not to recognize either capital gain or capital loss for purposes of income tax. This is the policy adopted in practically all other countries having income tax laws, but it has not been the policy in the United States...
...Limit the deductions from gross income for interest paid during the year and for losses not of a business character to the amount the sum of these items exceeds tax-exempt income of the taxpayer...
...report placed on record that the Conference thought that it might be necessary for Great Britain to act alone on the reparations tangle without consulting France; that it was " both desirable and practicable to meet American requests" for a twelve mile limit while " safeguarding, as a cardinal feature of British policy, the principle of a three-mile limit; that, while accepting the principle of a further limitation of armaments, three principles of Imperial defence must be recognized: 1) The deep interest of the Commonwealth of Australia, the Dominion of New Zealand and India in the provision of a naval base...
...Demands without a time limit: a) Punishment of guilty parties when found; b) Payment of indemnity- amount to be fixed by the International Court of Justice at The Hague...