Saturday, December 30, 2023

Today -100: December 30, 1923: Of tax cuts & arms sales


Bankers, railroad presidents, lawyers, real estate operators and industrialists are just some of the diverse range of people expressing support for Treasury Sec. Andrew Mellon’s tax-cut plans, the details of which were (finally) released yesterday. They say the cost of living will go down and a dollar will again be worth... wait for it... a dollar.

The US will sell the Obregón government in Mexico military supplies to defeat the Huerta uprising, including millions of rounds of ammunition, but not the cruisers Obregón wanted. Or airplanes.

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