Word: taxed
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Dates: during 1950-1959
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...judgement of the community is that business has been wrong and more interested in profit than people, and dollars than ends," he said, citing business protestations over increasing graduation of the income tax, againt the social security program, and against expanded public housing programs...
...made in the storage business. He began building skyscraping wheat bins from Nebraska to Texas, renting them to the U.S. for the surplus wheat it had bought. Garvey's new C-G-F Grain Co. was aided by specific federal subsidy in the form of fast tax write-offs (five years), as good as any granted to defense-plant builders during Korean war mobilization...
...down last January after four years as Governor of Georgia, frog-voiced, race-baiting Marvin Griffin left some mighty scuffy footprints on the sands of time. Griffin aides and allies, including his brother Cheney Griffin (TIME, April 14, 1958), have been indicted on 20 charges, among them embezzlement, theft, tax-record falsification, payroll padding, fraud, perjury and contempt. Georgia is out of pocket an estimated $10 million. Last week, the rare crime of embracery* was added. In Atlanta, Griffin-favored Tractor Dealer H. (for Herbert) Candler Jones, 45, was convicted for offering a $10,000 bribe to a grand-jury...
...Washington, Griswold persuaded the New Dealers to accept the "conduit theory" of taxation, which looked on the funds as a "conduit" for investors, freed the funds from paying federal tax so long as they distributed their capital gains and at least 90% of their dividend income to shareholders. Since the funds pay out all their earnings, this in effect frees them from paying taxes. In return for this concession, Griswold and the funds agreed to back other business tax proposals that President Roosevelt wanted. Griswold also helped draft the regulatory laws for the industry that came...
Died. Oswald D. Heck, 57, popular, powerful, longtime (23 years) Republican speaker of the New York state assembly, who ruled the often unruly legislators with fair play and wit, pushed through controversial measures (State Commission Against Discrimination, compulsory auto insurance, Governor Nelson Rockefeller's tough tax program); of a heart attack; in Schenectady...