Word: bonus
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Then Mr. Mellon asked the country : " Which will you have-tax cut or bonus ? " " Tax cut! " shouted the business man. " Bonus! " shouted the American Legion in a voice that was large before but now seemed small by comparison. It behooved politicians to about face. The maneuver was delicate...
...result there are now four classes of Republicans: 1) the few who were opposed to the bonus or uncommitted-they shouted: " Vive Mellon! "2) Those who were promised to the bonus but would like to change their allegiance-they exclaimed : " Lesser taxes, yes, but a bonus, too!" 3) Those progressives and radicals who were both sworn to the bonus and opposed to lowering the income taxes of the rich- they cried: " A bas Mellon! Bonus! Bonus! Bonus! " 4) The tacticians who feared to oppose the third group (progressives and radicals) for fear they might attempt legislative sabotage...
...progressive-radical group, is obstinately opposed to the Mellon plan. As the Mellon plan's popularity became evident, the cautious tacticians began to offer it more support. At the same time, Calvin Coolidge, feeling the public pulse at the White House, decided that the tax cut and no bonus was the best program for the Administration. Senator Henry Cabot Lodge, Republican floor leader of the Senate, lunched at the White House, and it was given out that the President was unalterably opposed to a bonus...
This announcement materially strengthened the chances of the Mellon plan. In spite of declarations to the contrary, Congressmen in general know pretty well that a tax cut and bonus are incompatible. Accordingly those legislators who are committed to the bonus can now vote for it with assurance that it will be blocked by a Presidential veto. In short, they can redeem their bonus promises by a vote, and get the credit for an actual tax reduction...
...Passage of a bonus bill, since there is still a clear bonus majority in Congress...