Word: repeals
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Dates: during 1930-1939
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...trustees, Utilityman Harvey Couch (Arkansas Power and Light, Kansas City Southern Railway). Mr. Farley came, spoke and was kudized, but not before a number of Arkansas Methodists, among them Teetotaler Dr. A. C. Millar, a former Hendrix president, had kicked up a storm because Teetotaler James Farley had helped repeal Prohibition...
...decision to prime the pump once again by putting $4,000,000,000 of emergency money into circulation. Last week the President had made no such decision but speculators hoped for other forms of Government magic. They had reason to expect that business would get a modest boost from repeal of some of the more painful provisions...
Significance. The most notable feature of last week's stockmarket upturn was that so far as it rested on solid ground it was based on expectation of Government action. Imminent repeal of taxes on capital gains and undistributed profits entitle stocks to enjoy a modest two or three day rally. But for the first time in nearly a year the market ceased to be a slavish follower of production. Time was when the market presumed to anticipate changing trends in production three to six months in advance. In June 1938 the market anticipated production by only a few weeks...
...businessmen who have been screaming for relief from taxes, to the Republican Party-which has been crying for reduction in Federal spending, to the U. S. Chamber of Commerce which wants to repeal the Wage-Hour Law-to all these and sundry other critics Franklin Roosevelt this week boomed his answer. In his best oratorical form, before the friendly American Retail Federation, he virtually defied all critics, announced that the New Deal would not give them an inch...
...cutting taxes: "There is a hullabaloo for the repeal of the undistributed earnings tax. You would think that this was the principal deterrent to business today. Yet it is a simple fact that out of $1,100,-000,000 paid to the Federal Government by corporations, less than $20,000,000 conies to the Government from the undistributed earnings tax-less than 2% of the total. . . . I am wholly willing to have this $20,000,000 tax . .. repealed on two simple conditions, which are based on principle. . . ." (The two: raise it from the big corporations, find another substitute for taxing...