Word: ruml
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...Congressional tax hearings (an easy feat) might have picked up some startling impressions between cat naps. Testifying before the House Ways & Means Committee was the Treasury's neat, mild-mannered General Counsel Randolph Paul. In view of the Treasury's last-ditch opposition to the famed Ruml income tax plan, some of Mr. Paul's statements were enough to make anyone sit up. Said...
...pencilled. Out of the text was removed a charge that Senators Wheeler and Nye have opposed the impending trial of 33 alleged conspirators, a disclosure that Willkie is writing a book condemning the State Department for "selling democracy short in North Africa," and an unfavorable reference to taxwizard Beardsley Ruml. It was also made known that Senator Wheeler is chairman of the committee that handles radio legislation in the Senate...
...idea of the Ruml plan is fairly simple in stead of paying 1942's taxes in 1943, the taxpayer would pay 1943's taxes in 1943. It amounts to "turning the tax clock ahead one year," as Mr. Ruml described...
...present system. This should be an important consideration when the Government is trying desperately to drain away the nation's excess spending power. The missing sum, taxes "forgiven" in 1942, which would not appear on the record until the taxpayer dies, could be recovered through inheritance taxes, as Mr. Ruml suggests...
...view of the long-standing friction between Mr. Morgenthau and the members of Congress, the chances of getting anything done before March 15th, the beginning of the fiscal year, seem very poor. It looks like a race between Congress and the Treasury to see who can change the Ruml plan enough to call it their own prodigy, push it through the legislative mill, and take the credit. Looking back over the record of the Treasury's failures on Capitol Hill, it looks like easy money on Congress, a seat in the bleachers for Mr. Ruml, and a sharp jolt...