Word: fiscality
(lookup in dictionary)
(lookup stats)
Dates: during 1940-1940
Sort By: most recent first
(reverse)
...Morgenthau's powers as Secretary of the Treasury include the right to issue wholly taxable notes; he may keep it up indefinitely. But by fiscal definition, a note must have a maturity of not more than five years...
Meanwhile the immediate cost of Structural Newness began to come clear. For fiscal 1941-42 Tokyo experts foresaw the greatest of Japan's many huge budgets, calling for more than ten billion yen-five billions for war purposes alone-and requiring more than six billions of new borrowing. Such a budget would be greater than Japan's entire funded debt in 1937 when the Sino-Japanese war started...
...interventionist view ("no compromise with oppression, and no covenant with tyranny"), was politely applauded. Sears, Roebuck's General Robert E. Wood argued isolationism, received a spontaneous ovation. As though to duck the dilemma, most speakers belabored N. A. M.'s old, familiar devils: bureaucracy, U. S. fiscal policy, restrictive labor laws. At the session on "Production Aspects of Preparedness," four of the speeches were on labor problems, the fifth on the fifth column. In a round table that touched on plant capacity, Steelman Hook and Oilman Farish both said their industries had enough...
This brought under city ownership the longest underground transit system in the world-130 miles of subway routes (London. 75 miles; Paris, 70). Together with an additional 120 miles of elevated lines, it carried 2.255,000,000 passengers during the last fiscal year, more than were carried by any other railroad. But the below-cost 5? fare-politically inexpedient to change -has piled deficit upon deficit on New York's subways. Not until 1982 will the last of the present transit debt be paid off. Fortnight ago, an apprehensive Citizens Budget Commission put the total ultimate cost...
...Walter George, of Senate Finance; North Carolina's Robert Doughton, Tennessee's Jere Cooper, of House Ways & Means; Treasury Secretary Henry Morgenthau, Assistant Secretary John L. Sullivan; Budget Director Harold Smith. Their problem was to raise a hoped-for $10,000,000,000 of Federal revenue for fiscal 1942, as against fiscal 1941's expected $7,000,000,000. On coming out, stogie in mouth, Pat Harrison paused to tell reporters that personal and corporate income taxes would not again be raised retroactively on 1940 income...