Word: taxed
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Dates: during 1930-1939
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...country is no more ready to abandon the undistributed profits tax than it is to revive the practice of incorporating yachts...
...Tax revision to aid recovery is an idea of Chairman Pat Harrison of the Senate Finance Committee. (Most correspondents considered this camouflage to cover a shift by the President away from the viewpoint of Secretary of Commerce Harry Hopkins and Secretary of the Treasury Henry Morgenthau who, with Under Secretary John Hanes, were the first oracles of revision-for-Recovery...
...President power to alter the setup of all executive agencies-except certain ones, specifically listed. (Important exceptions in the bill as passed by the Senate: Civil Service, Communications, Power, Trade, Interstate Commerce, Securities & Exchange, Employes' Compensation, Maritime, Tariff Commissions, Army Engineers Corps, Coast Guard, NLRB, Board of Tax Appeals, Federal Reserve Board, FDIC, Veterans' Administration. Most important: the Comptroller General's office, whose functions of o.k.-ing expenditures beforehand and auditing them afterward the President last year sought to divide between, respectively, the Budget Director and a new Auditor General.) The bill also forbade the President...
...group of Senators including Washington's Homer Bone, North Dakota's Gerald P. ("Neutrality") Nye, Missouri's Bennett Clark, Michigan's Arthur Vandenberg. "To keep democracy alive, and for other purposes," these gentlemen and 46 cosigners last week outdid themselves by sponsoring a war-tax measure written by little, pinch-faced Senator Bone...
Justifying the actions of the United States Government, the Economics instructor said, "I regard the penalty tax as a legitimate expression of the feeling of the United States to German international policy, including her International Economic Policy. There is a great deal of evidence that Germany has already reduced her imports from the United States to the indispensable minimum. As a consequence, any action of this kind is bound to be felt rather more severely by Germany in the retaliation which unquestionably follow...