Word: boostings
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Dates: during 1970-1979
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...Administration did score one small victory last week in getting a steel price boost shaved down. Two weeks ago, Republic Steel and Youngstown Sheet & Tube raised prices 6.8% to 8.8% on some widely used products. At about the same time, however, U.S. Steel Chairman Edgar Speer breakfasted in Washington with Council of Economic Advisers Chairman Charles Schultze, who urged him to hold the increase to 6%. Last week U.S. Steel did so, and the rest of the industry fell into line. Several Board of Economists members nonetheless view such gentlemanly jawboning as inadequate to stop inflation. Nathan and Pechman predict...
Bipartisan Panning. As to the President's energy program, most Democrats believe that it goes in the right direction, but they agree that it has flaws. For example, the proposal to return to consumers money collected in higher taxes will boost living costs and add to the Consumer Price Index. To hold down the C.P.I., the Democrats would prefer that the money be used to pare payroll taxes or increase revenue sharing to states and cities. Republican Greenspan would push for greater decontrol of prices despite congressional antipathy toward oil companies. Greenspan believes that the very existence...
Mulqueeny believes that South House has been viewed as a second-rate House for long enough, and that a new name will boost its image. "We're not a leftover pot anymore. We're different people and we have to start now to keep from feeling like second-rate people," he states...
Payroll taxes would also rise, as expected, and weigh heaviest on employers. At present, employer and employee each pay half of the Social Security tax, which is set at a rate of 11.7% on a wage base with a $16,500 limit. The plan would somewhat boost the wage-base increases scheduled for employees; the limit would rise to $17,700 next year and $24,000 in 1979. The wage base on which the employer pays taxes would also increase to $24,000 in 1979, but then jump to $37,000 in 1980; in the following year the lid would...
UMass attackman Jeff Spooner, who holds all of his school's career scoring records, notched his fourth goal of the afternoon to boost the Minuteman advantage, but Gordie Nelson answered for Harvard and then, on a man-up opportunity, Steve Martin racked up the first goal of his hat trick...