Word: crediters
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Dates: during 1960-1969
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...confidence was the decision by the House Ways and Means Committee to report out the bill exactly as he had requested-extending the surtax at its present 10% rate for six months and continuing it for another half-year at 5%. The bill also eliminates the 7% tax credit for business investment. The committee vote of 16 to 9 was the result of prodding by Chairman Wilbur Mills, a Democrat, some nudging by John Byrnes, the ranking Republican, and a last-minute thrust by the President himself. Nixon sent Treasury Secretary David Kennedy and Paul McCracken, chairman of the Council...
...income people-a feature the liberals could hardly oppose. To ease the reformers' consciences further, Mills pledged a major tax-revision program by year's end. This compromise, originally suggested by Nixon, will cost the Treasury an estimated $625 million a year. The elimination of the investment credit will offset that by bringing in $1.5 billion a year...
Last week the battle against inflation entered a new and crucial phase. The phase began when the nation's commercial banks raised their minimum interest charge for loans from 71% to an unprecedented 81% - a move that was widely interpreted as a portent of a serious credit crisis. The next day, the Government's top economic policymakers managed to sound downright alarmist as they made a rare joint appearance at a Washington press conference to plead for an extension of the 10% surtax on personal and corporate incomes. That tax, which is due to expire June...
...victory against only 23 losses raised their percentage to .531, their highest ever.* The streak also propelled the Mets into second place in the National League's Eastern Division, the first time they have been so high in league standings. The one player who gets most of the credit for the Mets' historic performance is Leftfielder-First Baseman Cleon Jones...
...with himself as philosopher-king, Mrs. Jacobs deals with each city as an isolated economic entity, with its own exports and imports. She ignores the economic interdependence of today's world and the enormous, unavoidable impact of government not merely upon the whole economy but-through tax and credit policies, commerce regulations and contracts-upon the very obscure and nascent businesses she most prizes. It is as if Mrs. Jacobs postulated that the vitality and effectiveness of a washerwoman's work can be judged by the vehemence of her elbows, while neglecting to mention the existence of washing...