Word: boosts
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Dates: during 1960-1969
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Steady Hand. Actually, the President had gone to great lengths to get a careful consensus from leading economic experts on whether he should raise taxes: he insisted on signed memos of opinion from every person he consulted, both inside and outside the Administration. All agreed that a tax boost was in order. Some non-Administration economists argued that the crimp on income could brake the business slowdown to the danger point. But Johnson also asked for an average 20% rise in Social Security benefits. It was an unexpectedly large increase that will pump some $4.1 billion into the economy...
...Ruiz, the regime has raised the minimum wage twice in the past ten years, from 60? a day to $1.40. And that is only a starting point. Most Spanish workers also take home incentive pay, family allowance and a variety of other fringe benefits that boost their average income to between $4 and $7 a day. Their paychecks stretch a long way. Rent seldom comes to more than $40 a month. Potatoes cost 3? a lb., bread 7?, wine 12? a liter...
...loss of Emerson and Stolle could cripple Australia's Davis Cup chances next year-although the loss of Ralston, in the view of one expert, just might boost U.S. chances for the cup. Said Aussie Coach Harry Hopman: "I don't think America will miss Ralston from the team. He did not have a very good record in Davis Cup matches...
...whip line - in only 8.1 years. The scientists also discovered that the outer planets would be so fortuitously positioned that a spacecraft launched on Oct. 7, 1978, could actually make a 8.9-year "grand tour," passing close to Jupiter, Saturn, Uranus and Neptune in turn and receiving a gravitational boost from each...
...hundreds of millions of dollars the quarterly amounts that corporations had to ante up in 1966. Second, in June, the Treasury ordered corporations to pay their withholding taxes for employees twice a month instead of only at each month's end. While these two actions did not really boost taxes but simply made for earlier payment, they had the cosmetic effect of temporarily making the budget deficit appear smaller than it was. Corporations borrowed billions from the banks to pay for the speedup. In effect, the banks had been obliged to finance the narrowing of Johnson's budget...