Word: morgenthau
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Dates: during 1940-1949
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Best guess was that of New York Times Columnist Arthur Krock, who pointed out that Wendell Willkie, champion of business, had been nominated by the Republicans few days before. Columnist Krock repeated a cloakroom story: When a Congressman asked Secretary Morgenthau whether politics were involved in the President's message, he smiled and said, "A little." A humanitarian ring in the 85 words confirmed this view: "We are engaged in a great national effort. ... It is our duty to see that the burden is equitably distributed according to ability to pay, so that a few do not gain from...
Month ago Henry Ford jolted the imagination of the war-scared U. S. by offering to turn out 1,000 airplanes a day if the Government would let him do it his way. Secretary of the Treasury Henry Morgenthau grasped at the magnanimous offer, called Son Edsel to Washington to discuss what Ford might make. Upshot: Edsel tentatively agreed to make 6,000 Rolls-Royce liquid-cooled engines for Great Britain...
Last week Father Henry thought differently. Reason: a fervent isolationist, he will manufacture only for "Defense," not for Britain.* At once the entire deal was declared off. Defense Commissioner William S. Knudsen issued a pained, circumstantial account; Morgenthau explained that inasmuch as Britain had given the U.S. permission to make the Rolls motor, "fairness and policy" required that Britain should have the right to buy them. Said Henry Ford: "My offer to make airplanes, aviation engines or anything else the U. S. Government needs for defensive purposes still stands...
Hastily drawn, this bill evaded many a growing U. S. fiscal problem. Secretary Henry Morgenthau Jr., who thinks a lot more of the bill than do most Government economists, himself admitted that the entire tax structure needs scientific revision...
...bill begs a more immediate question: will there be a war-profits or excess-profits tax, and how much? Last week this problem was underscored when Senator Robert Marion La Follette Jr. tacked an approximate copy of the old 1918 war-&-excess-profits taxes on to the Morgenthau bill. To his surprise it passed right through the Senate but the joint conference killed it. Main provisions of the La Follette rider, aimed at all corporate net incomes (in addition to the ordinary corporate income...