Word: budgeting
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...doubtful that the bill adopted by the House of Representatives providing for a 10 per cent tax on all athletic admissions over 46 cents will have a very important effect on the Harvard athletic budget," stated W. J. Bingham '16, director of Athletics, yesterday...
...hell with the sales tax!" was also the sentiment last week of a coalition in the national House of Representatives. Opposed to a 2½% levy on manufacturers in the budget-balancing revenue bill, this bloc wrenched the legislation away from its sponsors and proceeded to mangle it almost beyond recognition. Leaders of the revolt were insurgent Republican LaGuardia of New York and Democrat Doughton of North Carolina. Arraying mass against class, they argued that the sales tax raising $595,000,000 of the bill's $1,096,000,000 was an unfair impost upon poor people, that wealth...
...balance next year's budget and absorb an estimated deficit of $1,241,000,000 the House Ways & Means Committee had drafted, without politics or partisanship, a bill to raise by taxation $1,096,000,000 above current receipts. To make up the difference the committee anticipated a $125,000,000 cut in Government expenses and a $25,000,000 increase in postal income. If all worked well, which it rarely does, the Treasury would squeak through 1933 with $5,000,000 to spare. The new or increased taxes before the House and the estimated revenue from each were...
...They vehemently argued that it was a tax upon the necessities of life, and hence upon the poor man, without regard to ability to pay. Mockingly they declared that the only thing exempt would be admission to a bread line. Some hotheads even denied the necessity of balancing the Budget by taxation at all. To each & every critic of the sales tax, secretly afraid of losing his political skin in the next election, acting Chairman Crisp calmly retorted: "Where else can you raise the necessary money...
...Taxes are bad and sales taxes are particularly bad. They are levied upon poverty and not upon wealth. . . . But we have to balance the budget. . . . In that choice selection of fine spirits that meet daily in the Democratic cloakroom, known as the Demagogue Club . . . our slogan is Safety First. . . . Taxes are always unacceptable, never popular, always cost political strength. It's easy for us to vote NO. . . . Some of us just demagogue on anything that happens to come along. . . . We have our farm section . . . our oil friends . . . our beer group. . . . The soldier group of the Demagogue Club . . . is raring...