SOLDIER BONUS: The Alternatives

The Administration's tax reduction plan (TIME, Nov. 19) has placed the advocates of a soldier bonus on the defensive. The majority of them are advocating both a tax reduction and a bonus. They suggest chiefly three alternatives to abandonment of a bonus:

1) That the bonus can be passed if only part of the tax reduction is made. William G. McAdoo suggested an issue of 50-year bonds to finance the bonus. He calculated that these bonds could be retired by an annual outlay of about $90,000,000. John Thomas Taylor, Vice Chairman of the...

Want the full story?

Subscribe Now


Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!