Administration's fiscal year 1983 economic program: hearings before the Committee on Ways and Means, House of Representatives, Ninety-seventh Congress, second session ....

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Page 1780 - There is no express provision for the case, but the claim has been sustained on a principle which so entirely pervades the constitution, is so intermixed with the materials which compose it, so interwoven with its web, so blended with its texture, as to be incapable of being separated from it, without rending it into shreds.
Page 1776 - It is clear on the face of this text that it does not purport to confer power to levy income taxes in a generic sense— an authority already possessed and never questioned — or to limit and distinguish between one kind of income taxes and another, but that the whole purpose of the Amendment was to relieve all income taxes when imposed from apportionment from a consideration of the source whence the income was derived.
Page 1604 - MICHIGAN OIL AND GAS ASSOCIATION NATIONAL STRIPPER WELL ASSOCIATION NEW YORK STATE OIL PRODUCERS ASSOCIATION NORTH TEXAS OIL AND GAS ASSOCIATION OHIO OIL AND GAS ASSOCIATION...
Page 1624 - The incidental expenses of drilling wells, that is, such expenses as are paid for wages, fuel, repairs, etc., which do not necessarily enter into and form a part of the capital invested or property account...
Page 1927 - National Association of College and University Business Officers National Association of Independent Colleges and Universities National Association of...
Page 1773 - Bonds issued by the State of New York, or under its authority by its public municipal bodies, are means for carrying on the work of the government, and are not taxable even by the United States, and it is not a part of the policy of the government which issues them to subject them to taxation for its own purposes.
Page 1596 - The objective of the investment credit is to encourage modernization and expansion of the nation's productive facilities and thereby improve the economic potential of the country, with a betterment in our competitive position in the world economy.
Page 1595 - American industry today must compete in a world of diminishing trade barriers in which the advantages of a vast market, so long enjoyed here in the United States, are now being, or are about to be, realized by many of our foreign competitors. An increase in efficiency and productivity at a rate at least equal to that of other leading industrial nations is in the long run necessary, therefore, both from the standpoint of the US balance-ofpayments position and to continue to improve our standard of...
Page 1773 - Mr. Chairman and members of the committee, first I would like to express my appreciation to the committee for giving me the opportunity to appear on behalf of what I consider to be meritorious legislation.
Page 1779 - Idaho is on record as follows : "I say, therefore, 'that already Congress is given absolute power ; and if the reasoning of the distinguished governor [Hughes, New York] were correct, the language being full and complete, conveying all power, we could tax state bonds and municipal securities and state salaries at the present time. "But there is another controlling reason Why we cannot do so, which reason is omitted in the message and which is not affected by this amendment in any manner. The first...

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