Word: byrds
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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...
...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...
...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...