Word: taxes
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Dates: during 1940-1949
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After the weeks of long, heated debate on the tax and labor bills, Congress was feeling relaxed. Perfunctorily, the stamp of approval was put on the final tax bill-by the House, 220 to 99; by the Senate, 48 to 28. The House, correcting a mistake of its Appropriations Committee when it slashed $476 million from the Army's budget, restored $40 million for procurement of new military aircraft...
...went on the warpath. He cried that Alaska, victimized by absentee government, was being gutted by an absentee industry served by seasonal labor. He urged the Territory to claim a bigger share of the wealth taken from its resources. He asked Alaskans to set up a general territorial property tax, corporate net income tax, a personal income tax which would tap the salaries of 12,000 migrant fish and cannery workers and thousands of other laborers who took their salaries to Seattle each autumn. He deplored the fact that Alaskans could not vote for a U.S. President, could not send...
...tax on corporate profits...
...three days, Colorado's Eugene Millikin had been on his feet defending the income-tax reduction bill that his Senate Finance Committee had whipped into shape. Armed with a huge loose-leaf notebook crammed with statistics, he made his replies to colleagues' questions short, sure and pithy. He turned back Democratic efforts to postpone the tax bill, to nationalize the community-property provision of some states, to raise individual exemptions. Millikin's able defense of the bill ended in complete victory. The Senate passed it, 52 to 34, without amendment...
...took conferees only 90 minutes to agree on making the tax cut effective July 1 (instead of retroactive to Jan. 1 as approved by the House), and to iron out minor details in the tax-reduction brackets...