Word: normalization
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Dates: during 1930-1939
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...coats and chewing gum, diamond rings and matches, motor trucks and penny candy, yachts and 3¢ stamps, radios and bottled "pop." Hundred-million-dollar levies were twirled around like so many rubber balls. As in a knife-throwing exhibition, it pitched sharp imposts at individuals and industries. It juggled normal rates, surtax rates, corporation rates, gift rates, inheritance rates, stock rates, dividend rates into a high and hazy jumble. Then it bundled all its handiwork up into one conglomerate bill, which it passed by vote of 327-to-64 and sent to the Senate with the hope that it would...
Individual Incomes. Normal rates were upped to 2% (first $4,000 of net income), 4% (second $4,000) and 7% (all over $8,000). Personal exemptions were reduced to $1.000 for single taxpayers, $2,500 for married. The surtax rate was started with 1% at more than $6,000 net income (instead of at the present $10,500 level) and scaled upward to a maximum of 40% on more than $100,000. The House finally knocked out the 65% maximum surtax on incomes of more than $5,000,000 after the Treasury had convinced it that such a rate would...
...organized backing except the dissatisfaction of members with this backlog tax, no political power except his own arguments. Yet so well did he regiment the opposition to the Sales Tax fortnight ago that the House, as a preliminary to replacing that levy with other forms of revenue, boosted the normal and surtax rates beyond those in the bill. Under his spurring last week the House...
...only a change in the degree of taxation, not in principle. To tax a million-dollar-per-year man $500,000 is no more "confiscation" than to tax him $1. To the charge that they had run riot, Democrats pointed to the fact that the proposals to increase the normal tax, the surtax and the inheritance tax all came from Republicans and could not have carried without strong Republican support...
Addisin. Dried hog stomachs are good for pernicious anemia. Last week Dr. Roger Sylvester Morris & Associates of the University of Cincinnati reported that the normal gastric juices of human beings contain "a specific hematopoietic hormone." They are seeking the same "hormone" in hogs, dogs, cows. For the "hormone" they proposed the name "addisin," after Thomas Addison (1793-1860), English physician who first described the illness called pernicious anemia...