Word: trim
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...worth scouting for more revenue: a few tax-exempt educational and charitable organizations which persist in "glaring abuses" of the exemptions, life insurance companies which "have unintentionally been relieved of income taxes since 1946," and short-lived Hollywood corporations de signed to dodge paying big taxes. He wanted to trim corporation income taxes in the bracket between $25,000 and $50,000 a year, proposed a "moderate" tax increase on any profits that jutted beyond the $50,000 level...
When Lincoln Levison moved to Greenfield, Ill. two summers ago, the town (pop. 1,006) took to him at once. He opened a small sawmill and customers came flocking. Soon he was able to move into a trim white house with his wife and two little daughters. To wife Marjorie, Greenfield seemed "just like heaven...
...come over taxes and the new budget, which was giving concern even to some staunch Administration Democrats. Majority Leader Scott Lucas hopefully predicted a cut of $1 billion in foreign aid and $2 billion in military spending. Illinois' rising Freshman Senator Paul Douglas, a Fair Dealer, wanted to trim the budget by $4.5 billion...
Short, rumpled A. K. Humphries took over P.I.E. as president and laid the broad plans; short, trim Gene Johnson went in as assistant general manager and carried them out. They cut costs, won new business by maintaining rigid delivery schedules, turned a profit inside a month. In 1949, P.I.E. highballed 407,000 ton miles of freight across country for an estimated gross of $14,250,000, making it one of the biggest U.S. truckers. (The biggest: Associated Transport's motor freight system, with a $25.3 million gross in 1948.) But that wasn't big enough for Humphries & Johnson...
...safe on Formosa. Last October, the Communists had launched the beginning of an invasion when they tried to storm the tiny island of Chin Men, just off the mainland from Amoy and 130 miles across the Strait of Formosa. The attack was a bloody failure. Nationalist troops commanded by trim, V.M.I.-trained General Sun Li-jen, who four months ago was placed in charge of Formosa's defense, routed a Communist assault force of 20,000, returned to Formosa with 7,000 prisoners. Most of the Reds have since been reorganized into Sun's forces...