Word: businessmen
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Dates: during 1970-1979
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...Businessmen strongly oppose Nelson's scheme. But having them pay the lion's share of the increased taxes until the 21st century meets with the approval of Jimmy Carter?even though the extra costs would doubtless be passed along to consumers in the form of higher prices...
Part of the confusion arises because Carter must try to satisfy many constituencies besides business-liberals, labor, blacks-and he has zigged and zagged between their conflicting demands. Generally, he has pleased environmentalists far more than businessmen-but he also has proposed a speedup in the licensing of nuclear power plants that dismays some environmentalists. More important, he pleased business initially by asking for an increase in the minimum wage so small that AFL-CIO President George Meany called it "shameful." Now, he is prepared to sign a bill increasing the minimum wage by 45%, to $3.35 an hour...
Those assertions must be taken with a large grain of salt. It is difficult to envision businessmen embracing a tax policy that provides for full taxation of capital gains. There are real and serious differences that should be argued out, rather than papered over by facile talk of "better communication." But the differences should be between adversaries who know each other's position. Many businessmen are bothered most by a feeling that Carter simply does not listen to -never mind agree with-them; they would like a chance to argue with him face to face. Says O. Pendleton Thomas...
Meetings and speeches, of course, will not resolve deeply felt differences, nor should they. But they can at least define what the differences are and leave each side better prepared to argue its position. Traditionally Republican businessmen will probably never feel wholly comfortable with a Democratic President, nor will such a President ever totally dispel his suspicions of business. But both sides are locked into a partnership that they cannot escape. Businessmen know their companies' profits depend heavily on Washington's tax, spending and energy policies; the President realizes and has often said that only business can make...
Last week Jimmy Carter gave his own explanation of his troubles with U.S. businessmen. The occasion: a meeting with a group of European businessmen and TIME editors, correspondents and executives in the Rooseyelt Room of the White House. Carter was asked, "Why do you think the American business community doesn 't have more confidence in you and your policies ?'' Excerpts of his reply...