Word: repeals
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Dates: during 1930-1939
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Soon after Congress met last January, blue-blooded Representative Robert Low Bacon of Long Island introduced in the House a bill for repeal of the income tax publicity ("pink slip") clause of the 1934 Revenue Act. Wiseacres dismissed it as a footling political gesture, aimed solely to show J. P. Morgan, Mrs. Harry Payne Whitney, Ogden L. Mills, William Averell Harriman and other members of Republican Bacon's ultra-rich constituency that his heart was in the right place...
Last week the House voted 302-98 to repeal the "pink slip" publicity provision of the Revenue Act of 1934. Two days later the Senate Finance Committee endorsed the House repealer. Meantime with many a snort & groan, millions of U. S. citizens filled out pink slips noting the highlights of their incomes and tax payments, filed them along with their income tax returns. "This is for the snooper," "Under protest!", "To whom it does not concern" and less printable jibes were written on the slips by taxpayers. At least one lawyer, declaring the "pink slip" law unconstitutional, filed suit...
...most anxious for the "pink slip" law's repeal last week was one whom, as a taxpayer, it could not embarrass. Anyone may turn to a World Almanac, learn that the U. S. Commissioner of Internal Revenue gets $10,000 a year. But Commissioner Guy Tresillian Helvering knows that the job of compiling the pink slips would put a tremendous extra burden on his Bureau, cost the Government some...
...After building three new warehouses, enlarging distilleries and salting away 21,300,000 gallons of raw whiskey for maturing, National Distillers Products Corp. had enough money left to announce profits of $11,135,000 for the first full year of Repeal against $6,087,000 in 1933. Sales of whiskey and other products totalled...
...ball, to quote our President. Everybody's making predictions down here. Met a man today who had a special pass to the Court sessions after they closed them to the public. He says that the learned Chief Justice Is definitely against the constitutionality of the gold-clause repeal resolution. Says he could tell by his questions to counsel. But he expounded to me a view which I have heard elsewhere to the effect that F. D., is sick of the whole gold policy and is anxious to use adverse court decision as an excuse for dropping a flop in monetary...