Word: repeals
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...Repeal of the capital stock tax sustained by vote of 75 to 4 (loss of revenue...
...being left for later disposition. In this way the normal tax rates (1½% on the first $4,000, 3% on the next $4,000 and 5% thereafter) were approved, as were personal exemptions (of $1,500 and $3,500), earned income (25% deduction up to $20,000), and the repeal of the tax on the capital stock of corporations. But on the question of estate taxes, gift taxes, tax publicity, nothing could be done on such short order...
...treaty against any legislative infringement that may have occurred, as soon as a pertinent case arises for adjudication: It is the prevailing interpretation, however, that, as far as a nation's courts are concerned, a law subsequent to and infringing a treaty is valid, just as an ordinary repeal is valid. And all that is left of the treaty is the mere terms of its obligation enforceable by negotiation or, in extreme cases...
...fought to repeal entirely the tax on pleasure automobiles (although the bill cut automobile taxes more than half), and he lost...
There followed a long and jubilant article describing in detail a midnight session of the U. S. Congress at which President Coolidge had appeared and personally rushed through the repeal of the 18th Amendment. The orgies and drinking bouts which followed this legis- lation were hailed as marking the emergence of the U. S. from...