Word: schuman
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Liaison & Action. That same day Premier Robert Schuman's new inflation remedy, the "supertax" on incomes over 450,000 francs ($3,798), became law when it was rubberstamped by the toothless Council of the Republic (upper house of the legislature, replacing the old Senate). Communists and Gaullists in the Assembly had been against the supertax. Now this formidable new grouping of the classes moyennes, most of whose people were probably Gaullist voters or sympathizers, was out to do battle against...
...smart young women in furs sat next to seedy old men in skullcaps. A young blonde who had a perfume shop near the Trocadero told a reporter that her hat had cost 28,000 francs ($235) at Lanvin's. She sat, vibrating with anger, until a speaker mentioned Schuman's Finance Minister René Mayer, whereupon she stood up, brandished her fist, and shrieked: "That man is an idiot! Let's have some action...
Doughty Premier Robert Schuman's government had beaten the Communist "insurrection" (TIME, Dec. 8). Last week it survived its second major test. The test came over Schuman's drastic measures to fight French inflation...
...Premier Schuman proposed a new "supertax" of 20% to 40% on incomes over 450,000 francs ($3,778). The relatively rich people affected could either pay the tax or buy an equivalent amount of government bonds. The revenue, and the resulting cut in French purchasing power, was estimated at 150 billion francs...
Even middle-roading Assemblymen thought this was too strong. The government offered a compromise figure of 125 billion. M. Schuman, in effect, issued an ultimatum: take it or leave it. He forced a vote of confidence on the issue. M. Schuman won; his bill was passed. On each of five separate amendments, the Assembly voted for the Premier. His majority was not large, but it never fell below 33 votes...