Word: reductionism
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¶ Mr. Coolidge, closeted with the Speaker of the House of Representatives (Nicholas Longworth) discussed legislation for December, including tax-reduction.
The new plan for tax reduction, in detail, cannot be made out until the Treasury is satisfied how much revenue the present act will bring in. It may then be made known not as another "Mellon Plan," but be allowed to transpire as the product of the House Ways and...
If the Treasury had its way, it would probably like to have reductions made entirely in surtaxes and Federal estate taxes. But of course Congress will feel that something has to be given everybody. It is quite possible that there may be no reduction whatever in inheritance taxes against which...
The immediate cause of the failure was the road's inability to meet some $48,000,000 of its 4% bonds due June 1 this year. All winter, conferences have been held, but the road's bankers, led by Jerome J. Hanauer of Kuhn, Loeb & Co. and President Charles E...
Liquidation has been halted in both the grain and the stock markets. Yet evidence accumulates that, of late, production of steel and iron, gasoline, copper and other important commodities has been somewhat too brisk for the gradual development of consumption, and the trend of prices is therefore toward lower levels...