Word: patly
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Dates: during 1930-1939
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...Roosevelt last week executed a fast fadeaway which saved the faces (and possibly the resignations) of Messrs. Hanes and Morgenthau. The face-saving compromise (influenced in part by press and Congressional pressure) was effected at a White House luncheon topped off by peach shortcake. The President and Tax Revisionist Pat Harrison (who had huffily told Mr. Roosevelt he was going to get a new tax bill whether he liked it or not) were brought together by Jimmy Byrnes, the slickest compromiser in the Senate. Giving in to an extent almost unknown during the New Deal, Mr. Roosevelt finally told Henry...
...next press conference the President modified his resistance. He called one more tax revision conference, including Pat Harrison and John Hanes, but emphasized that any course they took must: i) produce no less revenue than the present laws, 2) provide some way of preventing corporate profit hoarding...
...control. Its aim is to force rich corporations to distribute earnings instead of keeping them in surplus. It also forces not-so-rich corporations to pay out, in dividends, earnings which they may need for capital expansion, or to pay debts, or as insurance against lean years. When Chairman Pat Harrison of the Senate Finance Committee managed to carve this tax down to a vestigial nubbin of 2½^% last year, Franklin Roosevelt was so angry he would not sign the bill...
Conferee Harrison informed Franklin Roosevelt that: 1) he was going to get a tax bill whether he liked it or no, and 2) it would enact most of John Hanes's plan. Messrs. Hanes and Morgenthau were discreetly reticent. Loyal Representative Bob Doughton squirmed so much that Pat Harrison told him not to worry, the Senate would write the bill. Franklin Roosevelt reddened, let Pat Harrison leave unrebuked, uncontradicted...
...sudden obsequies of John Hanes's rabbit were a shock to the Treasury Department and to Congress. Pat Harrison promptly declared he would try to revive it, would call up the Hanes plan for consideration by his committee. Secretary Morgenthau, asked whether the President had forbidden his Treasury men to submit their studies to Congress, tactfully replied...