Word: ruml
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...Ruml plan is a criterion, the Congress is afraid of war-time novelties, especially those that are not its own creation. But if inflation is going to be controlled not only simple income taxation, but other measures even more daring than Ruml's will have to be considered. A general sales tax would be effective in touching war-fattened pocket-books and in reducing the inflationary gap. A tax on mass consumption may be justly shied away from in peace-time but is unjustly feared under unusual war conditions. Compulsory saving also might be weighed thoughtfully, if not tried...
...left one of the worst tax fiascos in Congressional history. With a clear mandate from the President to raise by any sensible means $16 billion in additional tax revenues, Congress had for weeks wasted its time in partisan debate over a proposal that was originally nonpolitical: the Ruml Pay-as-You-Go plan...
Next week's speech will be the first one the President has delivered at the Business School in several years. It is the third in the series now being presented by the HBSA, the previous ones being delivered by Beardsley Ruml on his "pay-as-you-go plan, and Maurice J. Tobin, Mayor of Boston...
Backed by organized labor groups, supported by men and women in all walks of life, and perhaps the subject of more honest letters than Congress has received in many months, the Carlson version of the Ruml Plan lost in the House Tuesday as a result of Administration protests that large taxpayers would be "forgiven" their taxes...
Partially as a result of the unfortunate impression Beardsley Ruml created in Congress by trying to sell himself and Macy's as riders to his plan, Pay-as-you-earn advocates had agreed on the modified Carlson Bill. This bill would cancel all 1942 income payments, except by those persons receiving over $20,000 a year who made more in 1942 than they will in 1943. These persons will pay taxes on the year of highest income, and payment on the other will be cancelled...