Word: wipes
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FAST TAX WRITE-OFF for Idaho Power Co.'s Hells Canyon Darn (TIME, April 15 et seq.) will be canceled if Congress passes bill by Oregon Congressman Charles O. Porter to wipe out all fast write-offs, except for new weapons, retroactive...
...Cost of Inflation. Quarles expressed far more concern over the cause for the ban, the Government's desperate battle to control soaring defense costs. Expenditures are running $2 billion over the $36 billion budgeted for fiscal 1957 (TIME, May 6) and threaten to wipe out the predicted $1.7 billion budget surplus. So worried is the Defense Department that Wilson also ordered the three services to reduce their buying by $500 million for the rest of fiscal...
...Undoubtedly, with the wide circulation TIME enjoys among thinking people, the result of your May 27 article, "The Heart at Work & Play," will be to bring an end to the form of play known as propagation ; abruptly end the increase of population upon which our economy is based, and wipe out the glorious future of our beloved country...
...summing-up last week: "While a tax reduction-if the budget were cut by as much as $6 billion-would mean a saving to every taxpayer of about $78, it could be at a cost later of such a weakened defense in a possible war as to wipe out overnight any such saving...
...needed to sell, distribute and service the greater outpouring of goods from the more efficient production lines. If all factory employees were counted in, said BLS, it would be necessary to subtract at least 1% from the manufacturing productivity gains in 1954, 1955 and 1956. This would all but wipe out any gain last year...