Word: millikin
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Colorado's Eugene Millikin, Finance Committee Chairman, was unimpressed. According to his estimates, enactment of the tax-cut bill will still leave a surplus of over $5 billion next year-provided that Congress cut the budget by $4½ billion, as pledged by the Senate. So the Senate wouldn't wait for George. On a straight party vote the motion was defeated...
Coming Home. With responsibility thrust upon them, a number of names of growing importance emerged from the G.O.P. Among them were Colorado's Eugene Millikin, chairman of the Senate Finance Committee; New York's Ives and Connecticut's Raymond Baldwin, who had also forced the hierarchy into paying attention to freshmen. One man who continued to grow in political stature was Arthur Vandenberg. One man who had learned something was the Senate's boss in domestic matters, Bob Taft. He had learned that warm human beings are not as easy to manipulate as cold figures...
...Republicans, the information was encouraging. But it scarcely changed their plans as the Senate Finance Committee, headed by Colorado's Eugene Millikin, this week set to work on the House tax bill. The 1948 budget, they figured, could safely be cut by $5¼ billion, no more. Next year's revenues were expected to run $2½ to $3 billion over former estimates. Allowing $1 billion for foreign commitments, $2 billion for debt reduction, taxes could safely be reduced by about $3 billion and still leave a comfortable cushion of cash against a possible recession or other eventualities...
That began the real news of the week. Then, on one of the Senate's days off, freshman Senator Raymond E. Baldwin (ex-governor of Connecticut) sent a letter to Colorado's Eugene D. Millikin, chairman of the Republican Conference of Senators...
...thought the Senators ought to do it faster than that. He was calm: before the session, he had taken the precaution of lining up maverick Republicans on his side. He also knew Democrats would be with him, if only to embarrass Taft. A trifle grimly, Colorado's Eugene Millikin suggested a $2 billion tax payment as a compromise. Taft retreated to the $2 billion figure...