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...make the promised 25% reduction in expenditures." Senators Long and Connally vowed that they would never support tax legislation which did not also raise surtaxes on larger incomes. Representative Snell, Republican leader in the House, took advantage of the confusion to remark: "The new Democratic motto is 'Soak the poor.' Last session it was 'Soak the rich.' Now they propose to load everything onto the small income taxpayer...

Author: /time Magazine | Title: National Affairs: Remote Control (Cont'd) | 1/16/1933 | See Source »

...Rejected (49-to-31) "soak-the-rich" wartime normal and surtax income rates...

Author: /time Magazine | Title: TAXATION: Four And No More | 5/30/1932 | See Source »

Plea in Homespun. That the House was able to finish its tax bill last week was due chiefly to a speech by Speaker Garner. He had held aloof the week before when a "soak-the-rich" coalition knocked out the Sales Tax and left the house groggy and disorganized. The Press howled its disapproval. Securities declined. Government bonds dropped. Was the House, after all. going to shirk the duty of increasing taxation sufficiently to balance the Budget? It appeared possible until Speaker Garner in his old grey suit went down into the well and began to address the House...

Author: /time Magazine | Title: TAXATION: House Jugglers | 4/11/1932 | See Source »

...Soaking." The defeat of the Sales Tax brought down severe criticism upon Congress. The Democrats were accused of "soaking the rich" and "conscripting wealth." Speaker Garner was denounced for failing to control his party in an emergency. (This week he took the floor with a budget-balancing plea.) The Democratic "chaos" was taken to prove that the party was not "fit to rule." But the House majority against the Sales Tax clearly reflected the sentiment of the country as a whole where the revolt against the staggering mass of direct and tangible taxes has been steadily progressing. Anti-sales-taxers...

Author: /time Magazine | Title: TAXATION: Bullneck & Buzzard | 4/4/1932 | See Source »

...soak-professor. (Cornell...

Author: /time Magazine | Title: Education: Go Milk a Duck | 3/28/1932 | See Source »

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