Word: writes
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Dates: during 1950-1959
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...speed expansion of defense facilities, the U.S. Government granted $30.5 billion in rapid tax write-offs in the last 5½ years...
...working, and 2) whether it should be continued. (Between June 30 and July 13, shortly before the investigation began, 40 new grants were issued, covering $47,768,434 worth of new plants.) The committee was not impressed by the way railroads have been using the write-offs; it concluded that instead of expanding the size of their freight-car fleets, the roads have been using the write offs merely to replace old equipment. West Virginia's Representative Robert Mollohan, subcommittee chairman, noted that from Jan. 1, 1950 to June 1, 1955, Class I railroads (those with annual revenues...
Treasury Secretary George Humphrey also was not impressed by the present program. Labeling the write-offs "an artificial stimulus of a dangerous type," Humphrey asked the subcommittee for a sharp reduction in the use of special tax incentives. When the program began, said Humphrey, the excess-profits tax took up to 82% of corporate profits. But the excess-profits tax has ended, and continuation of rapid write-offs could prevent tax reductions for all taxpayers. In 1955 alone, said he, the Treasury will lose $880 million because of the write-offs...
Humphrey was not for complete elimination of the write-offs. But he wanted a program which would grant rapid tax write-offs to produce a defense item available in no other way. Plants that make products which have a civilian use should stand on their own feet, said he, and expand with the market, not under Government stimulus. Humphrey expects the Government to have a new program ready soon "on a proper basis...
...Bloody Sixth. Doing blackface skits and clog dances, miming Chinese laundrymen, Swedish servant girls and balloon-pants Dutch comics, the team clicked in Boston and New York. Harrigan discovered that he could write, and found a timely subject, the clash of the immigrant races amid settings of squalid realism. Haunting the "Bloody Sixth" Ward with notebook in hand, Harrigan transplanted New York lowlife to the stage to the immense delight of such real-life prototypes in the peanut gallery as One-Lung Pete, Slobbery Jack and Jake the Oyster. Together with his father-in-law David Braham, Harrigan also turned...