Word: soaks
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Taxes. There was general approval of the 20% income tax cut first proposed by loud, bullet-headed Congressman Harold Knutson. It would be an across-the-board cut, which is contrary to New Deal theories of graduated ("soak the rich") taxation. But then there were few Republican recommendations which a New Dealer would cheer. Minnesota's Republican Congressman Walter H. Judd, no New Dealer, later denied the right of the conferees to commit the whole party to such action; his was a still, small voice. The Republican bosses claimed that the tax cut could be safely made...
...Soak the burns in a solution of silver nitrate...
...inspired foreign policy (withdraw U.S. troops from China; combat "imperialism" wherever found; extend economic aid to war-devastated countries; eliminate the step-by-step proposal of the Baruch atom control plan); a New Dealing domestic policy (price & rent controls; a federal civil rights bill; extended social security; minimum wages; soak-the-rich taxation); 3) a resolution applauding Henry Wallace. A permanent committee of 50 would be appointed after the November elections to keep the ball rolling...
...section headed "Up From the Ape" the poll aims to determine whether the subject is a confirmed beer guzzler, a sipper only on social occasion, or among those who soak up hard "likker" by the quart in solitary confinement...
...combination underwent a significant change. British capital, once exported in large amounts, was kept at home by rigid exchange controls. South Africa felt the pinch. It needed upwards of $300 million to develop the new Orange Free State field (TIME, April 29). Industrial expansion and new mining machinery would soak up millions more. Although sound and prosperous, South Africa did not have this sort of money on hand. U.S. businessmen, still outside the golden circle, saw the chance of a lifetime. Two U.S. firms lost no time taking...