This directory contains articles from the New York Times archive 
used for modeling expectations in

    Capital Taxation during the US Great Depression
    Quarterly Journal of Economics
    by Ellen McGrattan


Some of the more relevant include:

  Feb. 25, 1930 
     Hoover Warns Congress to Economize or be Faced by Tax Rise
       of 40 Per cent

     Summary:  article gives list of proposed expenditures in 
               Congress which, if passed, would require increased taxes.

  Apr. 22, 1930
     President Warns Again on Spending
  
     Summary:  communications to Congress stating that if expenditures
               exceeded treasury estimates, would be in deficit

  June 26, 1930 
     Shadow of Deficit Concerns Treasury

     Summary:  severe slump in tax collections expected after Jan 1.


  Aug. 19, 1930
     Federal Costs Rise as Revenues Shrink, Foreboding Deficit

     Summary:  decline in trade and income returns expected, ending
               hope that temporary 1 percent tax cut would be continued;
               substantial deficit expected for June 30, 1931 even
               if tax cut not continued

  Oct. 9, 1930
     Charges Mellon `Juggled' Surplus

     Summary:  to avoid showing a deficit, the sinking fund was
               used for operating expenses

  Nov. 23, 1930
     See Move to Limit Debt Reductions

     Summary:  debate continues on whether or not to temporarily
               abandon debt reduction during business recession

  Dec. 10, 1931
     Treasury Secretary Mellon makes concrete proposal about tax increases

     Summary:  wants to revive a lot of elements of 1924 Revenue Act 
     
      

Ellen McGrattan
June 2011