Word: byrds
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Dates: during 1960-1969
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...corncob of stern reality." For example, only a year ago Kennedy submitted a 1963 budget indicating a surplus of $500 million; that wishful bit of black ink has since changed into a massive blotch of red, currently estimated at $8.8 billion. With that in mind, Virginia Democrat Harry F. Byrd, chairman of the Senate Finance Committee, predicted that the actual deficit under the President's 1964 budget would run to $14 billion...
...Today these four parties are as intact as ever: the Roosevelt-Truman-Stevenson-Kennedy presidential Democrats; the Willkie-Dewey-Eisenhower-Rockefeller presidential Republicans; the John Garner-Howard Smith-Harry Byrd-John McClellan congressional Democrats; and the Allen Treadway*-Robert Taft-Charles Halleck congressional Republicans...
...wary of cutting taxes at a time when the Federal Government is already deep in the red. A deficit of about $8 billion is estimated for the current fiscal year. Another massive deficit lies ahead in fiscal 1964, even without a tax cut. Virginia's Senator Harry F. Byrd, chairman of the Senate Finance Committee, recently said that "sharp reductions in federal expenditures should precede any major reduction in tax rates." Colorado's Republican Senator-elect Peter H. Dominick declared last week that he "can't see any basis for reducing revenues without reducing spending at the same time...
...relating to taxation, the national debt, tariffs, international trade and the social security system. The Senate, of course, also has a say in tax legislation. But since the Constitution requires that all revenue bills "shall originate in the House of Representatives," Ways and Means is more powerful than Harry Byrd's Senate Finance Committee...
...drilling company that eventually became the $200 million Kerr-McGee corporation. Kerr entered Democratic politics as a fund raiser and spokesman for the oil and gas industries, was elected Governor in 1942, and went to the Senate in 1948. He became the second-ranking Democrat, behind Virginia's Byrd, on the Senate Finance Committee. As such, he last year helped push through much of President Kennedy's tax program, to which Byrd was opposed. In tacit return for Kerr's favors, the President did not push for changes in the oil-depletion allowance...