Word: aaas
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...owners on the platform. Following morning the Presidential train was parked in the Chicago Union Stockyards. Nearby, in the International Amphitheatre, Franklin Roosevelt stood looking down on 18,000 delegates to the annual convention of the American Farm Bureau Federation. Into their ears Farmer Roosevelt poured his justification of AAA. Excerpts...
...cold marble of the Constitution. Seldom, however, has the Court had so many friends as went to its aid. Friends of the Court included the American Farm Bureau Federation, the Mountain States Beet Growers' Marketing Association, the National Beet Growers' Association offering briefs in defense of AAA. Hygrade Food Products, National Biscuit, P. Lorillard turned up as "friends'' in the person of John W. Davis (and associates) who offered a brief against AAA. These briefs were concerned with two tests of the AAAct which taxes processors to raise money to pay farmers to reduce output...
Chief points at issue: 1) Are processing taxes an unconstitutional delegation of taxing power by reason of the fact that they are fixed by the Secretary of Agriculture? If so, Hoosac Mills will win its case, but AAA will suffer little because last summer AAAmendments were adopted in which Congress set its own processing taxes. 2) Has Congress the power to impose processing taxes? Congress, says the Government, has the power to impose any excise tax to raise revenue. Processing taxes, retorts Hoosac Mills, are not imposed for revenue, but to do indirectly what the Government has no direct power...
...AAA's cotton and corn-hog restriction programs for next year were last week announced by AAAdministrator Chester C. Davis. Their prime points...
...Farmers must agree to reduce their cotton plantings 30% to 45% below "normal," their corn plantings 10% to 30%. They need not reduce the number of hogs they raise, must merely agree not to raise more than the normal number. So that AAA cannot in future be charged with paying men for raising nothing whatever, cotton farmers must raise at least 50% of their normal crop, corn farmers 25%, hog raisers...