Word: coconuts
(lookup in dictionary)
(lookup stats)
Dates: during 1930-1939
Sort By: most recent first
(reverse)
...program which the President laid out for Congress did not include some matters on which the President wanted at least to go on record before adjournment. He planned a list of special messages to Congress. One was to urge repeal of the coconut oil tax-a graceful gesture towards the Philippines, for which the President would doubtless not keep Congress in session to force action. Another was a message on War Debts, not demanding any important legislation, because the Senate would argue for weeks on that subject. A third was a message on "social" legislation-a new Labor Board, unemployment...
...midst of a boom but the boom was false and frothy. What touched it off was a 3?-per-lb. tax on nearly all imported vegetable and fish oils in the pending revenue bill at Washington, a tax originally aimed by U. S. farmers at Philippine coconut oil. No matter how scented & savory, most soap is basically fat and caustic soda.† The trade paper Soap estimates that U. S. soap makers last year used 1,500,000,000 lb. of fats, of which two-thirds came from beyond the seas. At present prices the 3? tax amounts...
...could say nay to so unprecedented a patriotic gesture, but a number of Congressmen-mostly Republicans- began to snicker at its unprecedented incongruity: to welcome back the President with open arms after Congress had, in his absence, flouted his wishes by overriding his pension veto, by taxing Philippine coconut oil, by threatening to remonetize silver (see p. 14), by extracting teeth from the Stock Exchange bill. When Franklin Roosevelt-after a long conference with General Johnson and NRA Counsel Richberg aboard his train coming from Miami-drew into Washington's Union Station, he was surprised to hear the stentorian...
...measures that should still be passed; those others that could be allowed to die; those that must not be passed. Picked for passage: 1) The tariff bargaining bill, permitting the President to effect reciprocal tariff cuts with other nations; 2) the tax bill, although the President would like the coconut oil tax eliminated; 3) the law to extend the present temporary plan of bank deposit guarantee for another year-thereby putting off the more drastic "permanent" guarantee; 4) the Stock Exchange regulation bill, with teeth; 5) a bill to appropriate...
...bill with amendments (TIME, April 16), boosting surtaxes and estate taxes, adding an extra 10% to all income taxes payable next year; adding also Senator La Follette's proviso for making all income tax returns public records subject to inspection, and imposing a 3? per lb. tax on coconut oil in spite of the President's anxiety to have that tax omitted because of the heavy burden it would put on Philippine commerce with the U. S.; sent the bill to conference for a good long wrangle...