Word: reductionism
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Tax Reduction. The President advised tax reduction and pressed the Mellon plan. Congress has passed a tax reduction bill, but it differs in many respects from the Mellon plan, notably by having considerably higher surtaxes.
¶ Debated, amended and finally passed the Tax Reduction Bill, embodying the Simmons (Democratic) surtax rates (40% maximum).
After mulling over the Tax Reduction Bill for several weeks, the Senate passed it. As in the House, the question was not whether a tax bill should pass, but what its provisions should be. The differences in the bill between the House and Senate versions are accounted for by the...
1) A 25% reduction in taxes payable this year (both Houses).
We favor all measures, either through the league or outside it, looking towards the concerted reduction of all classes of armament; but until such concert is reached among the nations, we favor the maintenance of our national defenses and condemn the Republican Administration for its neglect of our military and...