Word: vinson
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Dates: during 1930-1939
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Pushing back his spectacles in amazement, old Chairman Doughton asked: "Would you have the same rate on bread and wheat as cigarets and whiskey?" Mr. Cromwell: "Yes, sir." Thoroughly nettled, long-faced Congressman Fred Vinson quickly calculated that on the base suggested by Mr. Cromwell the sales tax would have to be 18%. This, Mr. Cromwell admitted, was "a little high." Thus, last week, like scores of other U. S. citizens, Husband Cromwell exercised his right to be heard on a new tax bill in the making...
Individual. Second in unpopularity only to the undistributed profits tax on corporations is the capital gains tax on individuals (no New Deal measure). However, the Vinson Committee decided to retain it with a slight modification. The two major changes...
...Guffey-Vinson Act split the U. S. into 23 coal-producing districts, each with a branch office supervised from Washington by the B. C. C. Also created were ten minimum price areas. Nos. 1, 2 & 3 (covering Iowa and all the U. S. east of the Mississippi), which produce 80% of all U. S. soft coal, are those affected by last week's price setup. The rest of the U. S. will be put under a similar price code in a few weeks. In each of the 23 producing areas each quality and size of coal is classified according...
...guard against regimentation and bureaucratic unfairness, the Guffey-Vinson Act established a Consumers' Counsel (at present Senator Couzens' onetime Secretary John Carson) whose duty it is to protect the public. So far he has had about 200 complaints to present to the Commission. Most publicized came from the Association of American Railroads which last week asked that the new price schedules be delayed for further study because they mean a $20,000,000 added annual burden to the greatly depressed U. S. railroads. B. C. C. refused. In case coal prices begin to get out of hand...
...facing its crucial test, a challenge on constitutional grounds from the doughty Carter Coal Co. of Coalwood, W. Va. Carter Coal brought the suit which resulted in the Supreme Court's invalidation of the original Guffey Act. It would dearly love to do the same with the Guffey-Vinson...