Word: bonus
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...this basis the total cost of the bonus would be $5,085,833,687; the average for the first four years, $250,000,000; the average for the first 21 years (assuming that a sinking fund were established to meet the final payment of $2,885,786,816 due in 1944) would...
...bonus bill may, however, be considered before work on the tax reduction bill is completed. The House Republicans have called a caucus on the bonus question for Jan. 10. Chairman Green of the Ways and Means Committee explained...
...logical order of committee procedure should be to take up first the administrative features of the Treasury bill; then to determine whether a bonus bill is to be considered and reported; and therefore in accordance with the determination of these two matters to make the reduction in taxation accordingly. It will probably require ten days or two weeks to consider properly the administrative provisions...
Representative A. Piatt Andrew, a Massachusetts Republican, questioned the statement of Secretary Mellon that a bonus would prevent reduction of taxation for many years. Mr. Andrew quoted the estimates of cost, prepared when the last bonus bill was before Congress, to show that the average cost for the first four years would be only $81,000,000 (TIME...
...added concerning the much disputed subject of indirect costs: "You must add to the direct cost of $250,000,000 a year for the first four years of the bonus and the average of $211,000,000 per year for the first 20 years the enormous indirect cost to the Government. The bill gives the right in the first three years to borrow from the banks of the country and that this right would be exercised by the great majority of the certificate holders none denies. The consequent demand for credit would raise the interest rates which the Government...