Word: taxes
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Dates: during 1940-1949
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Said Trustee Bridges, who as U.S. Senator gets $12,500 plus a tax-free $2,500 expense allowance: "I am not going to be forced out ... by a lot of scurrilous criticism. And I wouldn't stay 30 seconds if I were not paid sufficiently to hire real counsel and advice...
Lifting Gloom. Writers and actors were also grousing. In Variety, Scripter Carroll Carroll wrote: "Perhaps the pump has to be primed by the government... Oil has tax advantages. Aviation has subsidies. Why not offer similar inducements to throw heavy money into...
...counted on to absorb more of the U.S. than dollars. Last week, while he worked at his desk at Japan's Doshisha University, which he now heads, Yuasa received a call from the U.S. Military Government asking the loan of some of his professors to give Japanese tax collectors a few pointers in bookkeeping. Said Hachiro Yuasa, smiling: "They realize that we ... know the American way of doing things...
Although President Truman, who appointed McCabe, has done plenty of talking about raising taxes, the FRB chairman's remedy was just the opposite. The big trouble now, said Tom McCabe, was that there was a great shortage of risk capital, although "such risk taking has long been an American tradition." Businessmen either did not have the cash or found investment too risky in the face of high taxes. The thing to do, he said, was to ease taxes on business and businessmen. McCabe recommended that Congress study the entire tax structure, and consider such changes...
Nightmarish Question. From the north came word of new difficulties. In Tientsin, the Communists cooked up a retroactive "income tax" for the last half of 1948. The tax bore little relation to income, was based instead on a firm's "past reputation and business attitude." There was also the nightmarish question of exit visas. No one had been refused a visa to date, but as more & more businessmen gave up in disgust and prepared to go home, the Communists set up increasing complications. Samples: applicants for exit visas now had to advertise their intention of leaving China...