Word: boosts
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Dates: during 1960-1969
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...allowed to earn $1,800 a year, instead of the present $1,200, without losing a cent of social-security benefits. These and other increases would cost the Government close to $3 billion more a year from 1966 on. To finance them, the Senate bill calls for a boost in the basic social-security contribution from the present 3.625% to 5.8% each for employer and employee by 1987. In addition the taxable base would rise from $4,800 to $6,600 by next year. Thus by 1987 the social-security bite for a man earning $6,600 or more would...
...President Franklin Roosevelt figured that the Government would be paying $3.5 billion a year in benefits by 1980. As it turns out, he was slightly off; the new bill, now en route to a Senate-House conference, where most of its provisions are expected to remain intact, will boost the Government's annual social-security payments to $25 billion...
...another tax cut, especially favoring lower-income groups. Treasury's top man also expects a budget surplus in a few years, but is not overly concerned about the necessity of finding ways to spend it. He believes that major new programs already in the works will boost Government expenditures: huge outlays are coming for education and medicare-and who can say what defense needs will...
...trouble getting enough silk for their needs. Because many Thai farmers prefer raising livestock to tending mulberry bushes, and some Buddhists have qualms about killing silkworms, production has held at about 500,000 Ibs. a year (v. 300,000 lbs. in 1939). Manufacturers are trying to persuade farmers to boost output, and have inadvertently sold some other people on the profitable prospects of Thai silk. In the sincerest form of flattery, Communist China has introduced an imitation Thai silk for sale in Hong Kong...
...time a bit of poor economic news appears; bad May trade figures, for example, cost the British Treasury $140 million in reserves as holders of sterling sold off their pounds in exchange for gold and other currencies. Many European bankers feel that Britain is failing in her fight to boost export trade. As the respected London Financial Times recently said: "There is a growing tendency for the world at large to take the view that the writing is on the wall as far as devaluation is concerned...