Word: cutoffs
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...sure, in a growing age of independent voters there probably exists a cutoff point for ticket splitters. If Nixon can get past that point, then he might carry his entire party to victory. But Nixon has been doing almost no personal campaigning. Moreover, he and his staff have often denied party subalterns the money to work their own magic. While Nixon's Committee for the Re-Election of the President has to scratch its head to think of ways to spend its anticipated $45 million budget (bugging the Watergate was apparently one idea), the Republican Congressional Campaign Committee...
...commissions, the SEC settled for a slightly altered version of the present hybrid system. Brokers must now bargain on commissions with customers who make trades worth more than $300,000, a slight cut from the previous minimum of $500,000. The SEC plans to reduce the cutoff point gradually to $100,000 by April 1974. Congressman Moss, on the other hand, wants to abolish fixed commissions entirely and have fees bargained between broker and investor on every trade...
More substantively, the Senate Democratic caucus voted 29 to 14 to condemn the President's escalation of the war, and by a margin of 35 to 8 to demand a cutoff of funds for the war within four months after the Communists return P.O.W.s. This was meant to coincide with Nixon's latest offer, but it does not require a ceasefire. In the House, the Foreign Affairs Committee Democrats demanded a total U.S. withdrawal from Viet Nam by Oct. 1. Again, the only precondition would be release of the prisoners and safe withdrawal of U.S. troops...
...lobbyists concentrated both on persuading Congressmen to co-sponsor the Drinan-Gravel Resolution--which is still frozen in committee-- and on urging undecided, or "swing," senators to vote down the Byrd Amendment to the pending Case-Church Amendment. The Byrd Amendment makes cutoff of Congressional funds contingent upon a ceasefire agreement, and lobbyists felt it greatly weakened the original move. But Washington did some lobbying of its own. Tuesday morning Administration officials, including Presidential Adviser Henry A. Kissinger '50 and Secretary of State William P. Rogers, met with selected "swing" Senators. Tuesday afternoon the Byrd Amendment passed...
...More opportunity to work for extra money. At present, recipients under 72 lose $1 of benefits for every $2 they earn in excess of $1,680 a year. This cutoff point might be raised quite justifiably to $2,000 or $2,400. After all, retired people who have been able to accumulate stocks and bonds are not penalized for collecting dividends and interest in addition to Social Security payments...