Word: taxes
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Dates: during 1940-1949
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...potent, hardheaded Committee for Economic Development this week came to the rescue of the Bretton Woods proposals. C.E.D.'s research committee-including Boston Banker Ralph E. Flanders and Tax Expert Beardsley Ruml-analyzed criticisms of the Fund and found that, so far as they were valid, they could best be met by giving the Bank power to make long term loans, when necessary, to stabilize a nation's currency. But C.E.D. declared that scrapping the Fund would be a serious loss. In short, C.E.D. came out for both Bank and Fund, with more power for the Bank...
...before prices cracked, Federal Reserve Board Chairman Marriner S. Eccles had lashed out again at investors, and urged a punitive capital-gains tax of 90% on profits earned from securities and 100% marginal requirement. Eccles was alarmed because by his reckoning prices on the New York Stock Exchange had advanced 80% from their 1942 lows...
...Congressman from Kentucky, an ex-Justice of the U.S. Court of Appeals in the District of Columbia, Fred Vinson is still best remembered for his hard, intelligent work on tax bills in the House. As Jimmy Byrnes's successor in OES, he has worked mightily to hold the line against inflation. An easygoing man with a quiet disdain of officious fuss-&-feathers, he was sure to be confirmed by the Senate: he is the archtype of the middle-of-the-road, politically wise New Dealer...
...parent company, the Central Railroad Co. of New Jersey, C.R.P. last week offered the legal prospect of a haven from the franchise tax levied by the New Jersey tax collector. New Jersey uses the percentage of mileage of a railroad system within the state as a basis for its taxes on the railroad's earnings. Unfortunately, contends C.N.J., two-thirds of its mileage is in New Jersey, while most of its revenue comes from coal loadings that originate in Pennsylvania...
...would also lend C.R.P. $750,000 for working capital. Then little C.R.P. would collect the $16-odd million of freight earnings on Pennsylvania coal, pay its earnings to C.N.J. either as dividends or as rent for the use of its tracks and leased lines, thus avoid the Jersey tax. All that stood between Boss Wyer and this relatively ideal situation was court approval, for which he applied last week...