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Town'send plan"




a pension plan, proposed in the U.S. in 1934 but never passed by Congress, that would have awarded $200 monthly to persons over 60 who were no longer gainfully employed, provided that such allowance was spent in the U.S. within 30 days.

Random House Unabridged Dictionary, Copyright © 1997, by Random House, Inc., on Infoplease.

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See also:
  • Strict Standards: Non-static method FenSites::linkTo() should not be called statically in /site/html/dictionary/townsend-plan.html on line 98 Townsend plan (Encyclopedia)

 

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