Word: budgeting
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While the Senate Finance Committee was sweating over the 1932 Revenue Act to up taxes and balance the Budget, the House of Representatives last week worked itself into a lather of revolt on legislation to cut government costs for the same purpose...
...Balance? To balance the Budget the tax bill will have to raise well over a billion dollars in new revenue. Last week Washington began to fear that the present measure, for all its pricks and thorns, would not accomplish that purpose. Frank Kent, able observer for the Baltimore Sim, reported a "realization, growing stronger every day, that the tax bill, as passed by the House, falls so far short of balancing the Budget that even an approximate balance can't be claimed. . . . The bill will not pull the Treasury more than halfway to the top of the hole?much less...
Tall, straight and spry when he made his budget speech fortnight ago, Chancellor Neville Chamberlain of the British Exchequer was sorely crippled by a sudden attack of lumbago last week. Slowly, painfully he limped into the Treasury for an important conference with Sir George Ernest May. the actuary who is chairman of Great Britain's important Import Duties Advisory Committee of three...
Like Cornell last month (TIME, April 18), Yale University sent out word last week to its alumni that money is needed to balance this year's budget. In the post-War depression, it was pointed out, the graduates helped raise nearly a million dollars. This year a deficit of more than half a million is expected. Yale's income has dropped $372,000, because of reductions in dividends and interest defaults. As if to answer frequent criticism that Yale, like many another big college, has gone on a building spree, the appeal for funds gives figures showing...
...Last fortnight Columbia University announced that, even with economies of $575,000 in next year's budget, the deficit will come to nearly $600,000. No salaries of academic officers are to be reduced. President Nicholas Murray Butler begged that Columbia's 50,000 living" degree and certificate holders give $10 this year and the next and the next...