Word: byrds
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Dates: during 1960-1969
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...Miller who dug into the soil of Mills's Arkansas, who interviewed Mills's family and friends, looked over the Mills store, house and bank, and provided most of the biographical material. Miller's last cover assignment was closer to home: gathering material for the Harry Byrd cover. Both reporters are second-generation journalists: MacNeil's father was assistant managing editor of the New York Times, Miller's the editor of the Knoxville News-Sentinel...
...have already reacted to the prospect of such cuts with the wariness of a man who receives through the mail an unexpected package that emits a ticking sound. And among the wariest are the two congressional veterans who wield the most power over tax legislation: Virginia's Harry Byrd. 75, chairman of the Senate Finance Committee, and Arkansas' Wilbur Mills, 53. chairman of the House Ways and Means Committee. Democrats Byrd and Mills are conservatives predisposed in favor of tax reduction; but they have deep doubts about the timing...
...President's call for reductions at an "early date" seems untimely to men like Mills and Byrd because the federal budget for fiscal 1963 (ending next June 30) shows a deficit estimated at $7.8 billion. Another gaudy deficit, of size unknown, lurks ahead for fiscal 1964. Conservatives fear that tax reduction will deepen the deficits. "I'm not in favor of reducing taxes out of borrowed money," says Byrd, "and that's bound to be the case with any tax cuts next year." Speaking in New York the day before the President, Byrd said he was convinced...
Similar sentiments issued from several of Byrd's fellow Senators-Kentucky Republican Thruston B. Morton, Kansas Republican Frank Carlson, and even Tennessee's liberal Democrat Albert Gore, who pronounced himself in favor of tax cuts only "if we could reduce Government spending and pay something on the national debt...
...part of 1963 will not be delayed by disagreements about the precise size and distribution of the tax reductions. It would be particularly unwise to defer action pending the resolution of a list of perennial and highly controversial problems of the tax structure." The C.E.D. also disagreed with the Byrd view that 1963 tax cuts should be accompanied by substantial reductions in Government expenditures. Tax reduction, argued the C.E.D., would so stimulate the economy, by fostering investment and demand, that revenues would rise high enough to erase the deficit and bring the budget into balance...