Word: soaks
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Dates: during 1930-1939
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Plea in Homespun. That the House was able to finish its tax bill last week was due chiefly to a speech by Speaker Garner. He had held aloof the week before when a "soak-the-rich" coalition knocked out the Sales Tax and left the house groggy and disorganized. The Press howled its disapproval. Securities declined. Government bonds dropped. Was the House, after all. going to shirk the duty of increasing taxation sufficiently to balance the Budget? It appeared possible until Speaker Garner in his old grey suit went down into the well and began to address the House...
...Soaking." The defeat of the Sales Tax brought down severe criticism upon Congress. The Democrats were accused of "soaking the rich" and "conscripting wealth." Speaker Garner was denounced for failing to control his party in an emergency. (This week he took the floor with a budget-balancing plea.) The Democratic "chaos" was taken to prove that the party was not "fit to rule." But the House majority against the Sales Tax clearly reflected the sentiment of the country as a whole where the revolt against the staggering mass of direct and tangible taxes has been steadily progressing. Anti-sales-taxers...
...soak-professor. (Cornell...
...country to gird yourselves with stamina, with backbone and with courage to meet this emergency. All must make tremendous sacrifices. For the budget must be balanced either through a manufacturers' sale tax or excise taxes on commodities and industries. . . . It is very easy to say 'soak the rich' but you can't put a tax on incomes which will produce anything comparable to the amount of money necessary to balance the budget. Unless the budget is balanced, all your temporary relief measures, all your Reconstruction Finance Corporations and everything else will be futile, for the cornerstone...
...Make the "entrenched rich" bear the load; hoist the surtaxes; repeal the section on capital gains & losses (under which many a citizen was hoping, with mostly losses to report, to cut his 1931 tax to practically nil). Quickly the Treasury (Undersecretary Mills speaking) Hayed the Democrats for planning to "soak the rich." With equal promptitude, stocky, ruddy little Speaker Garner of the House-to whom William Randolph Hearst referred last fortnight (and again last week over the radio; as the Hope of the Democratic Party-retorted: "Ogden Mills is talking through his hat! If he knows what the Demo-cratic...