Word: overhaul
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Dates: during 1940-1940
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...fleet is 2,500 miles from its base. The only fleet operating base of the U. S. Navy in the Pacific is at Pearl Harbor, Hawaii. Only sketchy facilities for planes and light craft exist at other U. S.-owned islands. At Manila there are no adequate facilities for overhaul of cruisers and battleships...
...Italian bombers, flying at great altitude from the Dodecanese Islands, giving the British bases at Cyprus a wide berth, dumped 50 bombs on the Haifa oil terminal and refinery, started fires which burned for days afterward. British pursuit ships from a base on Mt. Carmel were too late to overhaul the hit-&-run Italians...
...political purpose served by words, Franklin Roosevelt did not have to rush into hasty deeds, was expected to let Congress take its time. And time is what Congress needs. With an unscientific patchwork of tax irritants already on the books, Congress' real job was to overhaul the entire U. S. tax structure, revise it toward two simple objectives: maximum revenues and maximum production. Meanwhile, with the President's untimely words in its ears, many a U. S. corporation recalled the last time it had "a steeply graduated excess-profits tax." The memory was not pleasant...
...that is not likely to satisfy Franklin Roosevelt, who has supported measures calling for $10,000,000,000 of new expenditures in the last two months and is resolved to make no war millionaires. Best hope for businessmen last week: that he would give his Treasury experts time to overhaul all sources of revenue, devise a new tax structure that would both raise money and encourage production...
...people for Defense as heavily as the people wanted to be taxed. Testifying on a bill to broaden the Federal income-tax base, raise upwards of $1,000,000,000 a year in new taxes (TIME, June 17), Secretary of the Treasury Morgenthau welcomed a thorough, time-taking overhaul of the tax system-should Congress care to stay in session long enough to do the job. The House passed the stopgap bill anyway, sent it to the restive Senate...