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Word: budgeting (lookup in dictionary) (lookup stats)
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Taxation: "We advocate maintenance of the national credit by a Federal budget annually balanced . . . within revenues raised by a system of taxation levied on the principle of ability to pay." The phrase "ability to pay" is a meaningless political weasel used to avoid taking a definite position on such hot issues as the Sales Tax, a broader income tax or higher surtaxes...

Author: /time Magazine | Title: Letters, Aug. 1, 1932 | 8/1/1932 | See Source »

...Enactment of a $1,118,000,000 revenue measure to balance (approximately) the 1933 Budget...

Author: /time Magazine | Title: National Affairs: Session's End | 7/25/1932 | See Source »

...Economies of $150,000,000 as a supplement to Budget-balancing. The President had asked for $230,000,000 in cuts. He got his furlough plan instead of straight pay reductions for all Government workers...

Author: /time Magazine | Title: National Affairs: Session's End | 7/25/1932 | See Source »

...Appropriations $184,000,000 less than Budget estimates...

Author: /time Magazine | Title: National Affairs: Session's End | 7/25/1932 | See Source »

...urged to save $5.000,000 by closing the schools five weeks next term. This proposal was not carried out, nor is it likely that the Board will cut salaries. But such talk tired the teachers, who were already fed up with trying to live without pay. Impatient at endless budget squabbles involving academic millions of dollars, last week Chicago's school teachers demanded action. They declared war upon the people who they feel are responsible for the trouble, Chicago's non-taxpayers...

Author: /time Magazine | Title: Education: Union in North Carolina | 7/25/1932 | See Source »

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