Word: taxed
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Dates: during 1930-1939
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...budget, explained old President Laredo Bru, will leave Cuba with a $9,400,000 deficit, necessitating new taxes. The President proposed a tax of 1? a gallon on exported molasses, to bring in $1,600,000 yearly, a 5% tax on the gross product of mines, a tax on sugar used by national industries. A "forcible bill of exchange" for all credit sales, costing up to $200 on a transaction involving $50,000, would yield another $1,000,000, and a 5% tax on capital leaving the island $1,100,000 more. Biggest boost was suggested in the tax...
Signed by Pennsylvania's Governor George Earle in Harrisburg last week was another chain-store tax bill. It was not of the Louisiana variety, in which the graduated levy is calculated not on the number of stores within the State but on the total number of units in the system (TIME, May 31). But the Pennsylvania tax will be even harder on the chains than the Louisiana levy, because Pennsylvania is a more important chain-store State. Great Atlantic & Pacific Tea Co., for instance, has 2,100 stores in Pennsylvania, only 106 in Louisiana. And the Pennsylvania tax rises...
...without a tussle had the Pennsylvania tax been jammed through at the personal command of Governor Earle. The chains amassed petitions from their customers, lined up the press and the farmers in almost solid opposition. Once last spring after Columbia Broadcasting System refused to allow speakers to blast the bill in an A. & P. broadcast, big advertisements appeared with the scarehead: THIS is THE STORY THE RADIO KEPT FROM You. Below the condensed versions of undelivered speeches were the signatures not only of the principal chains but also of the Chester County Dairymen's Co-Operative Association, the Lehigh...
...time the unhappy legislators showed a disinclination to accept any such responsibility, and the measure was defeated in committee in the Democratic Senate. The chains thought they had won. Suddenly Governor Earle put the so-called Store Tax Bill on his list of "must" legislation, turned on the kind of bone-crushing political pressure for which Pennsylvania, Democratic or Republican, is justly famed. The Governor's philosophy: "Let's have many small capitalists instead of a few large ones...
...like an adaptation of the Sit-Down, the chains closed hundreds of their Pennsylvania stores with a bang, After turning the key on 80 stores in & around Philadelphia, an A. & P. official announced bluntly: "The stores we have closed couldn't have operated at a profit under the tax. Those where the volume of business is such that the business will show a profit after including the tax will be kept open." P. H. Butler Co. shut down one-fourth of its 200 units. American Stores closed about 70 stores and stated: "Moreover, the stores will not be reopened...