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Word: budgeting (lookup in dictionary) (lookup stats)
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...confident that the undertaking of the representatives of both political parties to balance the Budget will be fulfilled. It is the very keystone of recovery. It must be done. Without it the Depression will be prolonged indefinitely...

Author: /time Magazine | Title: THE PRESIDENCY: Call for Sacrifice | 4/4/1932 | See Source »

...Ways & Means Committee. The second was Fiorello ("Little Flower") Henry La Guardia, an insurgent Republican in the House since the War. Poles apart on politics and personality they were united last week in a great and vehement opposition to the 2¼% Sales Tax on manufactures in the budget-balancing revenue bill. Together they were able to muster a majority of the House in a successful revolt against the combined authority of both Democratic and Republican leaders...

Author: /time Magazine | Title: TAXATION: Bullneck & Buzzard | 4/4/1932 | See Source »

Votes. With Congressman Doughton, he started from scratch three weeks ago to fight the Sales Tax, which was to raise about one-half ($595,000,000) of the sum required to balance next year's Budget. He had no organized backing except the dissatisfaction of members with this backlog tax, no political power except his own arguments. Yet so well did he regiment the opposition to the Sales Tax fortnight ago that the House, as a preliminary to replacing that levy with other forms of revenue, boosted the normal and surtax rates beyond those in the bill. Under his spurring...

Author: /time Magazine | Title: TAXATION: Bullneck & Buzzard | 4/4/1932 | See Source »

...their words lacked fervor and conviction. They explained how, broadening the Federal tax base, it bore on all equally, how it did not discriminate like an excise tax among industries, how it could be easily collected and. above all, how it would bring in enough money to balance the Budget. They also argued that the tax would be absorbed by competing manufacturers and middlemen, would not be actually felt by consumers...

Author: /time Magazine | Title: TAXATION: Bullneck & Buzzard | 4/4/1932 | See Source »

...Soaking." The defeat of the Sales Tax brought down severe criticism upon Congress. The Democrats were accused of "soaking the rich" and "conscripting wealth." Speaker Garner was denounced for failing to control his party in an emergency. (This week he took the floor with a budget-balancing plea.) The Democratic "chaos" was taken to prove that the party was not "fit to rule." But the House majority against the Sales Tax clearly reflected the sentiment of the country as a whole where the revolt against the staggering mass of direct and tangible taxes has been steadily progressing. Anti-sales-taxers...

Author: /time Magazine | Title: TAXATION: Bullneck & Buzzard | 4/4/1932 | See Source »

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