Excess Profits Tax Extension: Hearings Before the Committee on Ways and Means, House of Representatives, Eighty-third Congress, First Session, on the President's Recommendation to Extend for 6 Months the Excess Profits TaxU.S. Government Printing Office, 1953 - 764 pages |
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Page 3
... expansion . Its impact is especially hard on successful small businesses which must depend on retained earnings for growth . These disadvantages of the tax are now widely recog- nized . I would not advocate its extension for more than a ...
... expansion . Its impact is especially hard on successful small businesses which must depend on retained earnings for growth . These disadvantages of the tax are now widely recog- nized . I would not advocate its extension for more than a ...
Page 17
... expansion , and wants to spend a lot of money , and spend it fast . You haven't got the organization for it . You are not equipped for it . You are not organized and all set to do it and do it intelligently and well . So I say to you ...
... expansion , and wants to spend a lot of money , and spend it fast . You haven't got the organization for it . You are not equipped for it . You are not organized and all set to do it and do it intelligently and well . So I say to you ...
Page 79
... expansion ? Mr. GRAY . Yes , sir . Mr. EBERHARTER . Do you not consider expansion as sort of a profit ? In other words , the business is worth more after you use your earnings to expand ? Mr. GRAY . If I understand your question , sir ...
... expansion ? Mr. GRAY . Yes , sir . Mr. EBERHARTER . Do you not consider expansion as sort of a profit ? In other words , the business is worth more after you use your earnings to expand ? Mr. GRAY . If I understand your question , sir ...
Page 80
... expansion of your plant , that is , when the tax system will permit you to do it . Now , take the number of men that you are now employing , about 7,000 I believe you said . Mr. GRAY . Yes ; 7,159 . The CHAIRMAN . Now , venture capital ...
... expansion of your plant , that is , when the tax system will permit you to do it . Now , take the number of men that you are now employing , about 7,000 I believe you said . Mr. GRAY . Yes ; 7,159 . The CHAIRMAN . Now , venture capital ...
Page 82
... expansion if we should con- tinue a tax ? Mr. GRAY . Yes . I think the connotation of strangling off growth is the important phase of this whole tax . It is not our nature to say , " Now , we will stop , we will not go forward with any ...
... expansion if we should con- tinue a tax ? Mr. GRAY . Yes . I think the connotation of strangling off growth is the important phase of this whole tax . It is not our nature to say , " Now , we will stop , we will not go forward with any ...
Common terms and phrases
additional administration amendment amount average balance the budget base period believe BOGGS borrow BYRNES capital cash budget CHAIRMAN committee Congress continue Corp corporate tax CURTIS of Missouri CURTIS of Nebraska debt December 31 defense deficit dividends dollars EBERHARTER economy effect equipment excess excess-profits tax excess-profits-tax law excise taxes expansion expenditures expire extension fact Federal figures finance fiscal FOLSOM gentlemen going Government growth hear HUGHES income taxes increase industry inequitable inequities investment JENKINS June 30 manufacturers MASON MAYTAG MCCABE ment million MILLS months net income normal operations paid percent plant position present president production profits tax question recommendation reduction relief provisions result retained earnings revenue Secretary HUMPHREY SIMPSON small business statement Sylvania Sylvania Electric Products talking tax law tax rate taxable taxation taxpayer television Thank thing THOMSON tion Treasury World War II
Popular passages
Page 282 - No part of the money appropriated by any enactment of Congress shall. in the absence of express authorization by Congress, be used directly or indirectly to pay for any personal service, advertisement, telegram, telephone, letter, printed or written matter, or other device. intended or designed to influence in any manner a Member of Congress, to favor or oppose, by vote or otherwise, any legislation or appropriation by Congress, whether before or after the introduction of any bill or resolution proposing...
Page 161 - Whoever, being an officer or employee of the United States or of any department or agency thereof...
Page 637 - President in the budget of the United States Government for the fiscal year ending June 30, 1969. The bill would authorize appropriations to be made to the National Aeronautics and Space Administration in the sum of $4,370,400,000, as follows: (1) for "Research and development...
Page vii - Mr. Chairman, it is a great pleasure for me to be here and to have the privilege of appearing before you in the presence of Dr.
Page 748 - ... an increase in the gross income of the taxpayer in its base period or a decrease in the amount of some other deduction in its base period, and is not a consequence of a change at any time in the type, manner of operation, size, or condition of the business engaged in by the taxpayer.
Page 326 - Upon such filing, such court shall have exclusive jurisdiction, by order, to determine the amount, if any, of such excessive profits received or accrued by the contractor or subcontractor, and such determination shall not be reviewed or redetermined by any court or agency except as provided in section 108A.
Page 161 - States or of its departments or agencies from communicating to Members of Congress on the request of any Member or to Congress, through the proper official channels, requests for legislation or appropriations which they deem necessary for the efficient conduct of the public business.
Page 273 - Atkins, will you give your name and the capacity in which you appear? Mr.
Page 325 - Within ninety days after such notice is mailed (not counting Saturday, Sunday, or a legal holiday in the District of Columbia as the ninetieth day...
Page 324 - The benefits of this section shall not be allowed unless the taxpayer within the period of time prescribed by section 322 and subject to the limitation as to amount of credit or refund prescribed in such section makes application therefor in accordance with regulations prescribed by the Commissioner with the approval of the Secretary.