Word: morgenthau
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Dates: during 1940-1949
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...postponement in this case lies at the door of Henry Morgenthau and Franklin Roosevelt. Were a sales tax imposed now, it might reduce Labor's support for the Administration in the election. But Humanitarians Morgenthau and Roosevelt are probably far more influenced by their peacetime thinking habits...
What of Enforced Savings? The committee, although it adopted a withholding tax, did not touch the question of compulsory savings, on the plea of Treasury Secretary Morgenthau that the voluntary sale of war bonds should be given a full and fair trial. Latest reports were that the country was some $150 million below the $800 million war bond quota for June. The Treasury, however, felt certain that, with increased pressure, the $1 billion quota for July and succeeding months would be reached. But proponents of enforced savings argued that even the sale of $6 billion in war bonds...
Treasury Secretary Henry Morgenthau Jr. went to tell the people about it, on the radio. He praised them for previous sacrifices, said they must make more. Said he: "The people . . . have shown in a thousand ways that they are not in a mood for half measures, either financial or military. They will be critical only if the burdens are unfairly distributed. They will be disappointed in their leaders only if these leaders fail to ask them for all-out effort. ... I hope it cannot be said of the new tax bill that it was too little and too late...
These remarks, and the fact that Mr. Morgenthau had spoken them over the heads of the Ways & Means Committee, set the committee boiling like so many kettles. The committee sent for Mr. Morgenthau. Before a secret session, he listened to a two-hour tongue-lashing as vigorous as it was profane. What purpled the committee's collective face was that Henry Morgenthau seemed to be shoving the blame for heavy taxes on it. Last to leave the meeting were Chairman Robert L. Doughton and Mr. Morgenthau. Few minutes later they handed reporters a sweet understatement: An informal conference...
...Asked by President Roosevelt and Secretary Morgenthau to distribute defense bonds and stamp posters, the Scouts tacked, gummed and pasted up 1,607,500 signs throughout the country...