Word: siphon
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Dates: during 1950-1959
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...expert, Colin Stam, a career man respected alike by Democrats and Republicans. Since Stam testified at a closed session-and kept his mouth shut afterward-there was no detailed report on what he had said. Republicans said he had testified that any excess-profits tax which siphoned off more than $2 billion-exactly half of what President Truman demanded-would be dangerous to business. Democrats denied this; they said Stam had merely pointed out that no excess-profits tax could siphon off $4 billion without taxing some "normal" earnings as well...
This week every U.S. wage-earner took a cut in pay. Withholding rates went up from 15% to 18% under the new tax law, which will siphon off an added $2.7 billion from personal incomes in the next year. Corporations also will feel the pinch. They will kick in an additional $1.5 billion to the Treasury under a tax increase that is retroactive to July...
...budget dramas, documentaries like The Empire Builders, and situation comedies like Amos 'n' Andy, Fibber McGee & Molly, and Vic and Sade. By 1937, almost 400 network shows a month were originating in Chicago for NBC alone. Then New York money and Hollywood climate and opportunities began to siphon off Chicago's talented radiomen, and most of the remaining shows degenerated into a mishmash of successful but seedy soap operas...