Word: taxes
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Dates: during 1940-1949
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...preceding three, was hardly a surprise. But in Washington, it stirred up Democratic Senator Joseph C. O'Mahoney, who had not been at all critical while the Steelworkers were after their wage boost last summer. Cried he: "The steel industry is not justified in levying an increased tax on the whole economy of the U.S." Its leaders, he said, are doing more damage "to the free-enterprise system than all the crackpots have ever done." To get an explanation, O'Mahoney asked Ben Fairless to appear before a congressional committee right after New Year's. Fairless...
Bride for Sale (RKO Radio) is a tired old triangle farce in which three veterans crank out the creaking whimsy. As a high-powered tax consultant, Claudette Colbert spends her days poring through income-tax forms looking for a home-loving rich husband. To keep her in his employ, George Brent sneaks into her files some data on wealthy Robert Young, who is in on the conspiracy to discourage her. The drawing room dither that follows shows everyone falling for Claudette, but nobody very happy about it. Claudette, who appears to be slumming in her farce role, allows herself...
...government: "The American economy is not ... strong enough at present to carry the . . . mounting tax load . . . The continuance of fiscal uncertainty and instability will . . . undermine the system of free enterprise, by killing the incentives to take the risks essential to a dynamic, expanding economy...
...Ambitious Program. To preserve incentives, N.A.M. wanted the U.S. to 1) abolish present excise taxes except on tobacco and liquor, and substitute a uniform manufacturer's excise tax on all end products excluding foods; 2) limit the 1951 budget to $33.6 billion (some $11 billion below present estimates); and 3) return to the gold standard...
Starting next week, T.W.A. and American Airlines will make daily coach trips with DC-45 between New York and Los Angeles at a one-way fare of $126.50 (including tax), v. a regular first-class fare of $181.53 (railroad coach fare...