Word: reductionism
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The Mellon Tax-Reduction Plan.
2) Its Inconsequence. "There can be no political issue on reduction of taxes. No one believes in high taxation. Everybody wishes low taxation and everybody believes in reduction of taxation."
We find it hard to leave Sancho's healthy philosophy so soon. It is emphasized by the attitude of one Father Hyacinth who represents quite another view. When the plan to murder the Duke, seize his daughter and take his throne is first revealed in the little circle of plotters...
Representative Garner, ranking Democratic member of the Ways and Means Committee, is naturally the spokesman of his group in the House. He objects to the Mellon proposal on two chief counts: 1) that it reduces surtaxes on high incomes; 2) that it does not grant to farmers and small tradesmen...
Alcohol has a new world to conquer. Admiral Moffett, Chief of the U. S. Bureau of Aeronautics, stated in his annual report to Secretary Denby that new airplane engine fuels composed of alcohol and gasoline show a possible reduction in consumption of 25%. Such a reduction means a great increase...