Word: slash
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Dates: during 1940-1949
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Food Minister John Strachey's allocation last week of 50,000 tons of barley had started up Scotch distilleries (dormant since last summer), averted a contemplated slash in the export of Scotch whiskey, which nets Britain many (in 1945-$16,000,000) of her eagerly sought U.S. dollars...
...Senate; its members were busy in a dozen different directions. New Jersey's J. Parnell Thomas promised mysterious but piping-hot revelations from his Committee on Un-American Activities. Michigan's Albert J. Engel disagreed with his Republican colleague, Harold Knutson, on a straight 20% slash in income taxes, complaining "that doesn't help the little fellow much." Mississippi's John Rankin, a junior Bilbo, dramatically unrolled a yards-long petition bearing thousands of signatures, inviting a witch hunt for subversives in the movie industry. That would be a sure-fire way to stay...
Early in the Congressional campaigns of last Autumn, a Republican from Minnesota promised that his party, if elected, would proceed to reduce income taxes by a flat twenty percent "across the board." A fellow partisan from Massachusetts joined the chorus, pledging his own efforts to a slash of one-fifth. Today, four months later, Harold Knutson of Minnesota is Chairman of the House Ways and Means Committee, and Joe martin of Massachusetts wields the Speaker's gavel. The tax-reduction will stands at the head of the legislative calendar as House Resolution Number...
...also a year's-end audit of U.S. books in China. Admittedly on the debit side was the failure of General Marshall's mission to break the Kuomintang-Communist deadlock. But on the credit side was the repatriation of nearly 3,000,000 Japanese troops, and a slash in U.S. troop strength from 113,000 to less than...
Budget. John Taber, the man with the voice of a stentor, said he saw the way to slash $9 billion from the federal budget. This was a "minimum," he said. Senator Taft recently vowed that the Republicans could make a $13 billion cut once they got their hands on the budget. Some of the savings Taber saw would be in nonrecurring items (e.g.: food subsidies, Export-Import Bank, World Bank and World Fund). On other items Taber promised to use a sledge hammer if necessary. Items which immediately met his eye: $2.5 billion from Army & Navy; $2 billion in terminal...