Word: reductionism
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A flat reduction of 25% on all income taxes for 1923, payable during the present calendar year.
Summary of changes: 43½% is the maximum rate; addition of a gift tax; reduction of normal income rates below the Mellon plan; increase in inheritance rates; changes, not expected by the Treasury, in the excise taxes.
The Democratic National Committee pointed with pride to the Democratic whip of the House. A whip has the difficult job of rounding up his party's followers and having them on the floor when every important vote is taken. Representative William A. Oldfield, of Arkansas, just entering upon his...
Emile Vandervelde, Socialist leader, demanded new elections with a program of socialization of all means of production, capital levy, reduction of military service, international agreement with the powers, including Russia. He had recently consulted with Ramsay Macdonald of England.
Olive Jones. The center of gravity was Miss Olive M. Jones. She is President of the N. E. A. (National Education Association). "Creeping dangers are threatening the schools of the nation," said she, of which the creepingest appeared to be an unwarranted demand for tax reduction. She spiritedly denounced fiction...