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...this unanimity did not produce results because the President figured that once he let business have what it wanted, his Congressional opponents would hold up a third matter he wanted just as much -an Excess-Profits Tax. He therefore decided to attach the excess-profits tax like a price tag to the package business wanted. Last week, Congress' tax-originating body-the House Subcommittee on Internal Revenue Taxation-sent package and tag to the House Ways & Means Committee. In the package were the 20% depreciation allowance, the repeal of the Vinson-Trammell restrictions, as expected. Business' eyes fastened...

Author: /time Magazine | Title: GOVERNMENT: Excess-Profits Tax | 8/19/1940 | See Source »

...mostly they worried. From Sunday night, when they sought out restaurants where Scotch-&-sodas were served in coffee-cups, the 1,000 delegates, 1,000 alternates, the thousands on thousands of heelers, promoters, wives, newshawks, tag-along citizens worried steadily, through the five days and four nights of the Convention. What they worried about, or what they told themselves they worried about, was the Man who would be born from this political travail...

Author: /time Magazine | Title: CAMPAIGN: The Sun Also Rises | 7/8/1940 | See Source »

...most fight fans were less surprised than disgusted by the challenger's tactics of crawling around out of harm's way. Last week, in New York City's Yankee Stadium, Joe Louis faced the Chilean again in what Broadway wags called the "Second Battle of Squat Tag...

Author: /time Magazine | Title: Sport: Louis Downs Another | 7/1/1940 | See Source »

Germany at large slept on, learning only at 8 o'clock that Der Tag had come, when Dr. Goebbels in suave radio tones announced that Holland, Belgium and Luxembourg had been taken "under protection" by the Reich. German laborers plodding to work in wooden-soled shoes, with their black bread and margarine wrapped in a newspaper, scarcely paused to listen at the public loudspeakers. The events of the past six years had endowed them with a stoic indifference which no new violence could shatter. Men over 50 had been drafted and even disabled veterans were called into service...

Author: /time Magazine | Title: GERMANY: To Paris | 5/20/1940 | See Source »

...that in present circumstances he regards war with Japan as inevitable eventually. Some sources, bluntly assuming that Hitler will invade The Netherlands before the end of June, further expect that Japan will seize the moment to move in on the Indies. It would therefore not be surprising if the tag end of U. S. Fleet maneuvers now in progress found a squadron near Manila. Well Cordell Hull knows that Japanese Ambassador Kensuke Horinouchi, visiting him, sees over Mr. Hull's shoulder the U. S. Pacific Fleet. But it is still a secret whether Mr. Hull himself sees the Fleet...

Author: /time Magazine | Title: THE PRESIDENCY: The U. S. & the War | 4/29/1940 | See Source »

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