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Extracted Claims (29746)

The exception was the benign oligarch Kennedy, whom FDR appointed chair of the newly created Securities and Exchange Commission in 1934. 0.900

👤 The author 📋 News Article 🏷️ Political , Historical , Finance

Simplified: Kennedy was exception. FDR appointed Kennedy chair of Securities and Exchange Commission in 1934.

1 sources

4 days ago
The top threshold remained above 90 percent most years until the mid-1960s, when it dropped to 70 percent most years until 1982. 0.900

👤 The author 📋 News Article 🏷️ Finance , Economic , Regulation

Simplified: Top tax threshold remained above 90 percent most years until mid-1960s. It dropped to 70 percent most years until 1982.

1 sources

4 days ago
Later Roosevelt raised the top marginal rate to 79 percent for income above $5 million, and during World War II he raised the top rate to 94 percent, dropping the threshold to $200,000 ($3.7 million i... 0.900

👤 The author 📋 News Article 🏷️ Political , Historical , Economic , Regulation

Simplified: Roosevelt raised top marginal rate to 79 percent for income above $5 million. During World War II he raised top rate to 94 percent dropping threshold...

1 sources

4 days ago
More to the point, he is generally agreed, after Abraham Lincoln, to be the second-greatest president in American history. 0.800

👤 The author 📋 News Article 🏷️ Political , Historical

Simplified: Franklin Roosevelt is generally agreed to be second-greatest president in American history after Abraham Lincoln.

1 sources

4 days ago
Roosevelt required the oligarch class to pay minimum wage, give employees a 40-hour workweek, and recognize labor unions, among other regulatory measures, and he increased the top marginal tax on inco... 0.900

👤 The author 📋 News Article 🏷️ Political , Historical , Economic , Regulation

Simplified: Roosevelt required oligarch class to pay minimum wage give 40-hour workweek recognize labor unions. He increased top marginal tax on income above $1 m...

1 sources

4 days ago
President Franklin Roosevelt, though himself a beneficiary of inherited wealth (his net worth at death was $1.9 million), was at worst a benign oligarch. 0.900

👤 The author 📋 News Article 🏷️ Political , Historical , Finance

Simplified: President Franklin Roosevelt was a beneficiary of inherited wealth. His net worth at death was $1.9 million. He was at worst a benign oligarch.

1 sources

4 days ago
Fantastically wealthy people who remain active participants in the economy have no place in government. 0.800

👤 The author 📋 News Article 🏷️ Political , Economic

Simplified: Wealthy people active in economy have no place in government.

1 sources

4 days ago
Mellon died in disgrace five years later, fending off tax investigations by the Roosevelt administration. 0.900

👤 The author 📋 News Article 🏷️ Finance , Political , Historical

Simplified: Mellon died in disgrace five years later. Mellon was fending off tax investigations by Roosevelt administration.

1 sources

4 days ago
There, Mellon persuaded the British foreign office to allow Gulf Oil, in which he owned a majority stake, to drill in Kuwait. 0.900

👤 The author 📋 News Article 🏷️ Finance , Political , Economic

Simplified: Mellon persuaded British foreign office to allow Gulf Oil to drill in Kuwait. Mellon owned majority stake in Gulf Oil.

1 sources

4 days ago
Representative Wright Patman, a populist Texas Democrat, initiated impeachment proceedings against Mellon, prompting Hoover to move Mellon from Treasury to the U.S. Embassy in London. 0.900

👤 The author 📋 News Article 🏷️ Political , Historical

Simplified: Representative Wright Patman initiated impeachment proceedings against Mellon. Hoover moved Mellon from Treasury to U.S. Embassy in London.

1 sources

4 days ago
As late as May 1931, Mellon was telling the American Bankers Association that “conditions today are neither so critical nor so unprecedented as to justify a lack of faith in our capacity to deal with... 0.900

👤 The author 📋 News Article 🏷️ Finance , Political , Economic

Simplified: Mellon told American Bankers Association in May 1931 conditions were not critical or unprecedented.

1 sources

4 days ago
As treasury secretary, Mellon helped secure tariff protection for Alcoa that, a New Republic editorial observed in 1926, “enabled it to raise the prices of its product.” 0.900

👤 The author 📋 News Article 🏷️ Finance , Political , Economic

Simplified: Mellon helped secure tariff protection for Alcoa as treasury secretary. New Republic editorial observed Alcoa raised prices in 1926.

1 sources

4 days ago
Unlike Hoover, Mellon was untroubled by the 1930 Smoot-Hawley tariff that plunged the country deeper into the Great Depression. 0.900

👤 The author 📋 News Article 🏷️ Finance , Political , Economic

Simplified: Mellon was untroubled by 1930 Smoot-Hawley tariff. Tariff plunged country deeper into Great Depression.

1 sources

4 days ago
His income more than doubled while he was in office. 0.900

👤 The author 📋 News Article 🏷️ Finance , Political

Simplified: Mellon's income more than doubled while in office.

1 sources

4 days ago
The investigation concluded that Couzens owed $11 million in taxes (though a Board of Tax Appeals created by Mellon himself would later conclude that Couzens was actually owed a $900,000 refund). 0.900

👤 The author 📋 News Article 🏷️ Finance , Taxation

Simplified: Investigation concluded Couzens owed $11 million in taxes. Board of Tax Appeals later concluded Couzens was owed $900000 refund.

1 sources

4 days ago
Mellon retaliated by directing the Bureau of Internal Revenue to investigate possible tax underpayment in Couzens’s sale some years earlier 0.800

👤 The author 📋 News Article 🏷️ History , Politics , Corruption

Simplified: Andrew Mellon retaliated by directing the Bureau of Internal Revenue to investigate James Couzens.

1 sources

4 days ago
The enemy in this instance was Senator James Couzens, a Michigan Republican who previously had been a vice president at Ford and reputedly was the richest man in Congress. 0.800

👤 The author 📋 News Article 🏷️ History , Politics

Simplified: James Couzens was Andrew Mellon's enemy and reputedly the richest man in Congress.

1 sources

4 days ago
Couzens had infuriated Mellon by initiating a congressional investigation of the tax agency that risked exposing tax underpayments by Mellon companies. 0.800

👤 The author 📋 News Article 🏷️ History , Politics

Simplified: James Couzens infuriated Andrew Mellon by investigating the tax agency.

1 sources

4 days ago
It was Andrew Mellon who pioneered the favored Trump abuse of siccing the Internal Revenue Service (then called the Bureau of Internal Revenue) on his enemies. 0.800

👤 The author 📋 News Article 🏷️ History , Politics , Corruption

Simplified: Andrew Mellon pioneered using the IRS on his enemies.

1 sources

4 days ago
Mellon dropped that to 25 percent. 0.900

👤 The author 📋 News Article 🏷️ History , Finance

Simplified: Andrew Mellon dropped the top marginal income tax rate to 25 percent.

1 sources

4 days ago