Word: aaas
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Income. The Supreme Court, by invalidating AAA processing taxes, and Congress, by voting the Bonus, severely dented President Roosevelt's budget estimates of last January. Loss of processing taxes cost the Government $452,000,000 of anticipated revenue. Exclusive of that loss, receipts for fiscal 1936 were $157,000,000 more than the President estimated in January. Total receipts...
Receipts for fiscal 1937, the President reported last week, would be an estimated $5,665,839,000-$12,000,000 over his previous estimate-in spite of a $668,000,000 loss of AAA and Bituminous Coal Conservation Act taxes and a deferment of certain Social Security Act collections. These losses would be more than offset by $410,000,000 in additional funds from the Revenue Act of 1936; $33,000,000 in delayed collections on the Railroad Retirement Act; and a jump of $237,000,000 in general revenues because of better business...
...average of $40 to over 100,000 relief workers to build roads, construct dams to save water and through the Bureau of Biological Survey to restore refuges for wild fowl. With $20 a month grants and loans to buy forage, RA will help others to rehabilitate themselves. AAA will help them with $10,000.000 worth of seed loans, with some $30,000.000 to buy livestock. And NYA will provide financial aid so that their children will not have to leave school...
...training, tradition and conviction Will Clayton is a free trader. Any meddling with the economic machine is, to him, the supreme sin. Before the Bankhead Act] before the AAA crop reduction program, before cotton loans were instituted, before the Hoover Farm Board started to thrash around in the futures markets, Will Clay ton's favorite hate was the tariff. Said he, when ploughing-under was rampant: "There is only one means of preserving a correct balance between supply and demand in a great world commodity like cotton, and that is through the corrective influences of competitive price levels established...
...Amoskeag's last profitable year. Depression staggered the company in 1930 with a loss of $1,345,000 and during the next five years Amoskeag's losses piled up over $4,000,000. In two years the company paid the U. S. $2,516,000 in AAA processing taxes. In the spring of 1935 Treasurer Dumaine sat back grimly and wrote in his annual report...