Word: bonus
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...Veto of the bonus bill...
...Failure to repass the bill over the President's veto. This will probably take place in the Senate, where the bonus advocates claimed a bare two-thirds vote. Two Senators were reported to have abandoned the bonus cause, following the publication of the tax reduction plan...
...manufacturer passes his taxes on to the consumer. If these taxes are lightened the consumer will get the benefit by a decrease of prices that will save 2% of the taxpayers' income. In addition, Mr. Babson concludes that the passage of the tax reduction plan would prevent a bonus and thereby make a difference of an extra 5% in living costs. Thus for an unmarried man the calculations...
...Administration's tax reduction plan (TIME, Nov. 19) has placed the advocates of a soldier bonus on the defensive. The majority of them are advocating both a tax reduction and a bonus. They suggest chiefly three alternatives to abandonment of a bonus...
...That the bonus can be passed if only part of the tax reduction is made. William G. McAdoo suggested an issue of 50-year bonds to finance the bonus. He calculated that these bonds could be retired by an annual outlay of about $90,000,000. John Thomas Taylor, Vice Chairman of the National Legislative Committee of the American Legion, advocates the bonus bill which will be introduced in the next Congress by Representative Green of Iowa, which it is estimated would cost an average of about $87,000,000 over a period of 44 years...