Word: bill
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Dates: during 1960-1969
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Also hit would be private foundations, some of which have led in creative efforts to improve the quality of life in America. In an attempt to crack down on organizations established to avoid taxes, the bill imposes a 7.5% levy on the investment income of all foundations. The measure could put a serious crimp in the activities of some of the country's most respected philanthropic operations, which now donate substantial portions of their income to private universities, museums and charities...
Striking Hard. The bill is a sound one. In addition to repealing the 7% investment-tax credit as recommended by President Nixon, it strikes at what most taxpayers regard, perhaps justifiably, as the very citadel of special tax privilege - the 27½% oil-depletion allowance. By cutting the allowance to 20% and reducing the depletion advantages for other extractive industries, the bill would enrich the Treasury by $400 million annually. Although oilmen plan to fight the cuts in the Senate, their wound could be worse. The bill leaves untouched the industry's far more valuable advantage of writing...
...retaining." With that, he sent back a check for $169,000 to Blue Shield and invited the agency to re-audit his books, and to "honor only those invoices which are supported to your satisfaction by appropriate records." (Under Medicaid, the doctor who treats the medically indigent sends his bill to Medicaid's contract carrier-in this case, Blue Shield-which then reimburses...
...part, CBS just rolls along, hoping to capture ratings with a resident brigade of television stars. Taking the Smotherses' CBS place this fall will be Singer Leslie Uggams in a musical variety series. NBC and ABC also have big names to offer. On NBC, Bill Cosby will play a schoolteacher and Debbie Reynolds a sportswriter's wife. ABC will go with a musical variety series called Jimmy Durante Presents the Lennon Sisters Hour, strange as it seems, the sneak-preview of that show received high ratings last spring...
...Good. The two dozen recruit novelists who signed up for the project-including Newsday Editor Bill McIlwain -plunged in. Less than three weeks later, with 15 chapters in hand, McGrady issued a stern warning against inconsistencies: "Four chapters have described Gillian's body in terms of alabaster," he noted. "Two have insisted she is heavily tanned. For future reference: she will be lightly tanned during the summer months; the word alabaster will be appropriate beginning midway through the month of November." The real problem, however, was in the quality of the writing. "Everybody has the feeling they can write...