Word: exempting
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Dates: during 1950-1959
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Other areas the President thought worth scouting for more revenue: a few tax-exempt educational and charitable organizations which persist in "glaring abuses" of the exemptions, life insurance companies which "have unintentionally been relieved of income taxes since 1946," and short-lived Hollywood corporations de signed to dodge paying big taxes. He wanted to trim corporation income taxes in the bracket between $25,000 and $50,000 a year, proposed a "moderate" tax increase on any profits that jutted beyond the $50,000 level...