Word: morgenthau
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Dates: during 1940-1949
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Presently, after passing two appropriation bills that included record non-defense expenditures, Congressmen appealed to Mr. Morgenthau to be specific...
Month ago Secretary of the Treasury Henry Morgenthau Jr. dazed the House Ways & Means Committee by recommending that non-defense expenditures be cut; that $1,000,000,000 could be saved by cutting down farm, NYA and CCC appropriations. Stunned by the sound of a New Dealer recommending economy, Congressmen feebly toyed with this brandnew idea...
...these three, with cautious, slow, well-meaning Henry Morgenthau Jr., Treasury Secretary, make up the President's War Cabinet. In a vain try to develop some kind of dynamic organization, the President chose a fifth man to lean on^ ailing Harry Hopkins, as executive secretary to the Secretaries. But Hopkins can work only six hours a day under as little strain as possible. So around him the President placed a small flying squadron of young Treasury-trained braintrusters, such as Philip Young and Oscar Cox-however, this was a compromise with a compromise...
...Congress, staggered by Secretary Morgenthau's demand for a $12,600,000,000 tax bill, last week went two Government officials proposing not only different taxes than the Treasury suggested, but a whole new theory of taxation. The men who made these new proposals were two of the Administration's fiscal bigshots: the Federal Reserve System's Chairman Marriner Eccles and Price Administrator Henderson...
Eccles also proposed broadening the individual income-tax base, lowering the married persons' exemption to $1,500 and credit for dependents to $300. But he would tax middle-income groups, "living on relatively fixed incomes," less drastically than Morgenthau advised. Henderson and Eccles both proposed to plug loopholes and boost gift and inheritance taxes...