TIME
To James Couzens, Michigan’s millionaire Senator, the U. S. Treasury last week sent a check for $989,833. The Senator accepted it, though noting formally that there was a “slight miscalculation” of $20,000 or more for interest. The money was a tax refund which Senator Couzens won as the result of a fight started by the Internal Revenue Bureau three years ago to increase the Couzens profit-tax on Ford Motors stock sold by him in 1919 (TIME, January 17, 1927).
Check in bank, Senator Couzens returned to his favorite sport, Mellon-baiting. Said he: “This is a concrete piece of evidence of mismanagement of the Bureau of Internal Revenue under the greatest Secretary of the Treasury since Hamilton’s time. . . .”
More Must-Reads from TIME
- Cybersecurity Experts Are Sounding the Alarm on DOGE
- Meet the 2025 Women of the Year
- The Harsh Truth About Disability Inclusion
- Why Do More Young Adults Have Cancer?
- Colman Domingo Leads With Radical Love
- How to Get Better at Doing Things Alone
- Michelle Zauner Stares Down the Darkness
Contact us at letters@time.com