Word: budgeting
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...every Secretary of a Cabinet department, to every chairman of an executive commission, to every chief of an independent bureau last week went a firmly worded letter from the White House insisting upon greater and greater economies. Unless the Budget is reduced, taxes might have to be raised. Higher taxes bring lower votes in presidential years, such...
Germany must pledge not to increase her military budget, directly or indirectly, until after repayment of the loan...
Nothing in the World is quicker than a British budget. In London, in Cape Town, in Canberra or in Ottawa all that the responsible minister has to do is to state that on item of revenue, tax or tariff is changed and it is changed. New revenue rates are automatically effective unless the budget is rejected by Parliament-which almost never happens. Therefore when Hon. Mr. Bennett rose to speak in Ottawa last week he held in his hand the fiscal fate of Canada. Bang-he upped letter postage between Canadian cities from 2? to 3?! Bang-up went...
...Reprisals?" On the tariff side of Hon. Mr. Bennett's budget speech-and to hear U. S. squawks last week one might have thought there was no other side-the Canadian Premier made courteous pretense that he was not offering "reprisals" to the U. S. Hawley-Smoot Tariff upping (TIME, June 2, 1930). Mr. Bennett said that Canada's depressed "infant industries" and her unemployed workers were uppermost in his mind. By protecting industries he would make jobs. Indeed, two days after his speech Premier Bennett proudly explained just exactly why he raised the tariff on wire netting...
...motor cars have been classified for some time in Canadian tariff acts under three heads. Cars selling for $1,200 or less will continue to pay the old 27 ½% tariff. But the Bennett Budget ups the tariff on cars selling between $1,200 and $2,100 from 27 ½% to 30%, ups the tariff on "luxury cars" (above...