Word: mellons
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Dates: during 1920-1929
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...There is Secretary of the Treasury Mellon's general policy of using the surplus to help retire the national debt...
...Then, last week, Secretary Mellon announced a sound, simple plan of his own to meet the present situation. Republican harmony-artists said it was a "new interpretation" of the President's scheme, but in reality it is both a gentle repudiation of the Coolidge plan and a rebuke to the Democratic zeal for a general tax cut. Mr. Mellon wants the surplus to be credited to income taxes payable in 1927. Said he: "With only a few months' test of the Revenue Act of 1926, common sense requires that we do not act precipitately. . . . The necessity that...
...great moment since it affected the pocketbook of every taxpayer. His only objection to a rebate was the fact that it was necessarily slow and full of red tape. However, he admitted that there was a surplus of $300,000,000 in the Treasury and that Secretary A. W. Mellon could handle the relate to Mr. Mellon as "the greatest Secretary of the Treasury since Alexander Hamilton...
...Chapman Jr. '27 and F. J. Otis '27 in their presentation of the affirmative arguments brought out the fact that a tax rebate would increase business prosperity. There would be much red tape connected with the Mellon-Coolidge proposal, affirmed Otis, because the 15 per cent rebate would be subtracted from the 1927 taxes and would not necessitate any paying back of money by the government...
...Mellon...