Word: taxing
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Dates: during 1920-1929
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...that at the same time as the abolition of a nuisance of ten years standing, the greatest consolidation in the history of motors was completed. The latter is doubtless of more ultimate importance than is the small cut in automobile prices made possible by the removal of the war tax. The advantages of merging in business have been put to a long enough test so that now there is no general cry of a populace fearing control by the trusts whenever such an important transaction occurs: the Big Stick was buried in the distant past, and the present sees...
...moment, however, the reduction of prices, or rather, the act making it possible, is salient in the public mind. A treasury which is able to slice two hundred million dollars from federal taxes hardly needs how the income derived from the automobile war tax which belongs anyway to that strange series growths orginating in the feverish days of 1917 along with wheatless days, government ownership, and Thritt Stamps Too small to be of genuine importance in the Treasury, yet large enough to be an annoyance to purchasers of everything massed in the category of luxuries by the wartime administrators...
...weight behind Mr. Mellon's presidential pronouncement this year was, of course, primarily the weight of "the greatest Secretary of the Treasury since Alexander Hamilton." Critics may well contend that the reductions of taxes and of public debt, and the funding of foreign loans that have been accomplished during the Mellon regime, could have been compassed by any other competent banker; that the Mellon genius is mythical and that between it and Prosperity, if any, there is not the remotest connection. But the politically important fact remains that Mr. Mellon and not some other banker has been...
...Debated the Revenue Act of 1928 (tax reduction...
...Debated the Revenue Act of 1928 (tax reduction...