Word: overhaul
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Dates: during 1940-1949
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...political purpose served by words, Franklin Roosevelt did not have to rush into hasty deeds, was expected to let Congress take its time. And time is what Congress needs. With an unscientific patchwork of tax irritants already on the books, Congress' real job was to overhaul the entire U. S. tax structure, revise it toward two simple objectives: maximum revenues and maximum production. Meanwhile, with the President's untimely words in its ears, many a U. S. corporation recalled the last time it had "a steeply graduated excess-profits tax." The memory was not pleasant...
...people for Defense as heavily as the people wanted to be taxed. Testifying on a bill to broaden the Federal income-tax base, raise upwards of $1,000,000,000 a year in new taxes (TIME, June 17), Secretary of the Treasury Morgenthau welcomed a thorough, time-taking overhaul of the tax system-should Congress care to stay in session long enough to do the job. The House passed the stopgap bill anyway, sent it to the restive Senate...
Equally significant was the Republican minority's strategy. Nine of the ten G. 0. P. Ways & Means committeemen abstained from voting-but not because they opposed new taxes. The Republicans thought the House should go much further in overhauling and broadening the tax structure. Democrat Doughton agreed in principle, promised to attempt a major overhaul (including additional taxes on excess Defense profits) at the next session of Congress...
...pretty certain that there will be some action," said Leon Henderson, after the board conferred last week with Franklin Roosevelt. Preliminary action there was, and of a kind to please U. S. businessmen. From Mr. Stettinius, the President ordered a thorough overhaul of the complex, tape-bound Federal procurement setup. Franklin ("I'm the boss") Roosevelt eased Secretary of the Treasury Morgen: thau out of Mr. Knudsen's way, giving him a free hand to tackle his enormous task of upping aircraft and aircraft-engine production to the still astronomical figure of 50,000 a year. Also promised...
...month before the campaign ends. All it needs is victories in the two double headers scheduled for it this week--with Princeton at Tigertown today and with Yale at Ithaca on Saturday. Triumphs in all four of these games will mean that only Dartmouth will have a chance to overhaul the Ithacans...