Quote – Frank H. Willard, Worcester, MA, President, Graton & Knight Manufacturing Co., Testimony, House Committee on Ways and Means.

[The bill] tends to retard the increase of pay rolls, because of the absorption of this amount of money for taxation purposes; it retards the increase of employment also. It is a permanent tax, with no limit, regardless of economic conditions in general or of the individual company. In other words, it may be the last straw, as I said before, that puts this company over the line into bankruptcy.

Frank H. Willard, Worcester, MA, President, Graton & Knight Manufacturing Co., 294-302, esp. 295, “Unemployment Insurance,” Hearings before the House Committee on Ways and Means, Mar. 21-24, 26-30, 1934.

Wednesday, March 21, 1934
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