Word: reductionism
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That taxes will again be reduced next fall seems at the present time a practical certainty ; and, foreseeing the reduction, the Administration, last week, began a drive (which will probably continue all summer) to get the kind of tax reduction that it wants.
1) Reduction of surtaxes, a reduction that will take them down to 25% maximum.
Yet they have long been at swords' points. When Mr. Mellon issued his tax reduction plan more than a year ago, Mr. Couzens was one of the first to challenge its wisdom. The exchange between the two grew heated and ended by Mr. Couzens' suggesting that they hire...
Economy. "I favor the policy of economy not because I wish to save money, but because I wish to save people. . . . Economy is idealism in its most practical form. . . . The collection of any taxes which are not absolutely required ... is only a species of legalized larceny. . . . The time is arriving...
Few commodities can be named retail or wholesale that today sell for less than they did 40 years ago. One of the exceptions is electric power. The steady development of the industry and the consequent expansion of electric lighting has led to a striking and steady reduction in the cost...