Word: reductionism
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In brief, if the tax reduction bill is to pass, the support of conservative Democrats, about nine Senators and 23 Representatives must be won. Or the bill must be so modified as to suit the La Follette group. The latter course means that high surtaxes would have to remain on...
The implications of Mr. Mellon's tax reduction scheme were brought out in the discussion which followed the proposal. No predictions were so sensational as those of Roger Ward Babson. Mr. Babson, 48-year-old statistician of Wellesley Hills, Mass., is President of Babson's Statistical Organization, originator...
His argument is that the manufacturer passes his taxes on to the consumer. If these taxes are lightened the consumer will get the benefit by a decrease of prices that will save 2% of the taxpayers' income. In addition, Mr. Babson concludes that the passage of the tax reduction...
The Administration's tax reduction plan (TIME, Nov. 19) has placed the advocates of a soldier bonus on the defensive. The majority of them are advocating both a tax reduction and a bonus. They suggest chiefly three alternatives to abandonment of a bonus:
1) That the bonus can be passed if only part of the tax reduction is made. William G. McAdoo suggested an issue of 50-year bonds to finance the bonus. He calculated that these bonds could be retired by an annual outlay of about $90,000,000. John Thomas Taylor...