Word: magoffin
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
What Senator O'Mahoney did not mention was that Aramco's 1950 tax arrangement with Saudi Arabia was later approved by the U.S. Treasury Department, bossed by Dwight Eisenhower's friend, George Magoffin Humphrey. Regardless of the merits of the arrangement, the department evidently felt that it was in the best interests of the U.S. to have Aramco sitting on one of the world's most strategic-oil areas-even if it meant sacrificing some revenue...
...last week Washington was strewn with the wreckage of the demolition job that U.S. Treasury Secretary George Magoffin Humphrey began last Jan. 15. On that day Humphrey held a press conference to explain the latest Eisenhower budget. His prepared statement, written with White House assistance and approved word for word by Dwight Eisenhower, left an eminently proper impression of a Treasury Secretary defending his boss's budget. Then came a question-and-answer period-and George Humphrey struck out on his own. If long-range expenditures are not reduced, Humphrey predicted, the nation will see "a depression that will...
...began in January when George Magoffin Humphrey, as one of his top aides said later, "tossed a match into the barn and sure started a fire." Treasury Secretary Humphrey's warning that high Government spending would in the long run bring on a depression "that will curl your hair" caused hair to stand on end all over the U.S. Editorial writers cried of "idiot spending," and budget figures rolled sonorously across Chamber of Commerce luncheon tables from coast to coast. Congressional mail pouches swelled; New York's Republican Senator Irving Ives totted up 2,155 budget-cutting letters...
Star Witness. To support his claim that the fiscal 1958 budget is much too big, Byrd happily cited a top member of President Eisenhower's own team: Treasury Secretary George Magoffin Humphrey, who set the budget furor stirring last January with his now famous prediction that high taxes, continued for years on end, would bring on "a depression that will curl your hair...
Treasury Secretary George Magoffin Humphrey, for example, has some pretty strait-laced ideas about balanced figures. Testifying last week before a crowded session of the Joint Congressional Committee on the President's Economic Report. Humphrey warned: "If we retain our present high tax rates over a sufficiently long period of time, we won't be able to maintain the activities necessary to provide jobs for our people." But he turned down committee invitations to suggest ways of trimming President Eisenhower's $71.8 billion fiscal-1958 budget (TIME, Jan. 28). Urged Wyoming's Democratic Senator Joseph...