The majority of the provisions of the Act took effect on 18 September 1947, the day after the Senate confirmed James V.

CENTERFORSECURITYPOLICY: The National Security Act of 1947

And if you look at where the benefit of those tax expenditures go, the vast majority of special provisions and preferential rates are for those with the highest incomes.

WHITEHOUSE: Press Briefing

But two senior Republicans objected to some of its provisions and persuaded a majority of their colleagues to back their stance.

ECONOMIST: The second term: Shock and awe, continued | The