Word: boost
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...projected by Braintruster Wayne Coy, the civilian defense organization will have three big objectives: 1) to translate defense needs to States and towns; 2) to co-ordinate civilian effort; 3) to boost national morale. Even before the Mayor took the job, the Office for Emergency Management had blueprinted a set-up for volunteer air-raid spotters, to be functioning by June 15, calling for observation posts on the Atlantic and Pacific Coasts, with some 16 volunteer spotters for each post. Volunteer groups all over the U.S. - especially women's clubs and American Legion posts - have long been active...
...well as strengthen army morale. By paying the trainees in non-transferable five year bonds the $20 differences between the $30 a month that draftees get after four months service and the $50 a month which the minimum wage law would guarantee them in private industry, the Administration could boost esprit de corps. Later on the army's pay system might be a good argument for slipping the same medicine to labor...
...also proposed broadening the individual income-tax base, lowering the married persons' exemption to $1,500 and credit for dependents to $300. But he would tax middle-income groups, "living on relatively fixed incomes," less drastically than Morgenthau advised. Henderson and Eccles both proposed to plug loopholes and boost gift and inheritance taxes...
...receive $30 a month after four months service. But the minimum-wage law puts a floor of around $50 a month under wages. If the trainees were put under the Wage-Hour Law (ignoring the cost of their room & board), all of them would qualify for a pay boost of $20 a month...
Since the defense program began to boost national income, installment sales have risen spectacularly. The Commerce Department's March figure for new automobile financing was up 41.6% from 1940. Outstanding credit arising directly from retail installment sales of all kinds was estimated by the Russell Sage Foundation at year's end as $4,036,000,000, up nearly 25% in twelve months to a new alltime high. By last week the figure was even higher and still rising...