Word: morgenthau
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Dates: during 1940-1949
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...Last week Wall Street Journal Newshawk George Bryant good-naturedly asked Mr. Morgenthau, "What would you do if you were ever caught by yourself?" The Secretary good-naturedly acknowledged that he didn't know...
...dentist who stood ready to extract the public's worldly goods was bald Treasury Secretary Henry Morgenthau Jr. Mr. Morgenthau gravely spread before the House Ways & Means Committee the biggest tax bill in the world's history. He arrived on Capitol Hill with no less than eight advisers...
...Morgenthau outlined four objectives: 1) to pay for a reasonable proportion of expenditures; 2) to provide that all sections of the public shall bear their fair share of the burden; 3) to help mobilize U.S. resources for defense by reducing the amount of money that the public can spend for comparatively less important things; 4) to prevent a general price rise, by keeping monetary purchasing power from outrunning production...
Hence Mr. Morgenthau's tax bill, the first of its kind in U.S. economic history: deliberately designed to cripple private purchasing power and consumption by U.S. citizens...
...struggle was on. Mr. Morgenthau had further the bad taste to recommend definitely and pointedly something the President had always delicately skirted-the actual slashing of numerous non-defense expenditures. Mr. Morgenthau pointed a finger directly at the cost of CCC and NYA, mentioning incidentally that both projects seek youths of 21 who are possible recruits for Army enlistment; also at public works, relief, the farm-parity payments in the bill now in conference between the chambers, to which the Senate has added $450,000,000. This week the White House passed word to House leaders to reject the Senate...