Word: closed
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Dates: during 1960-1969
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...relative distance from the press. "A certain arm's-length position is a wholesome one on the part of press and President," says Peter Lisagor, who has been covering the White House for the Chicago Daily News since the Eisenhower days. "If we're too close, we lose our detachment, and if he's too close, we keep seeing all the warts...
...Closing the Loopholes. To offset part of that loss, Nixon would close some of the controversial loopholes used by the wealthy to avoid taxes. The most spectacular item is a proposed limit on tax preferences-or LTP, as alphabet-minded Washington dubbed it. It would place a 50% ceiling on the amount of a taxpayer's income above $10,000 that is eligible for favored treatment. Income would have to include the appreciated value of property donated to charity, and the ceiling would restrict the amount of deductions that a taxpayer could take for 1) oil-depletion allowances...
White House economists nevertheless maintain that the economy is performing close to their expectations. They contend that it normally takes about six months before monetary and fiscal measures begin to affect prices. "We must recognize the narrow social tolerances within which economic policy must operate," says Chairman Paul McCracken of the Council of Economic Advisers. "The cold-turkey treatment of sharp deflation is not available in the modern world." If the spring fever proves resistant, the Government's cures should, along with the anticipated seasonal slack, begin to show some results by summer...
...think it's going to be a very close, hard race," Parker said, "and I think we're capable of winning it. They are very strong and well-conditioned, but there is no indication that are beyond our reach," he added...
Harvard sophomore Bill Bennett will probably have the task of containing Johnson. Mike Ananis and McDowell, a very close friend of Unruh's, will make up the rest of the Crimson defense along with goalie John Cosentino...