Word: deficit
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Dates: during 1960-1969
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...bill, calling for an $11.5 billion cut, was moved out of the Senate Finance Committee for floor debate, courtesy Chairman Harry Byrd. Virginia's Byrd was-and is-immovably committed to the proposition that a tax slash is "neither sound nor constructive" until the federal deficit is reduced. But he promised Lyndon Johnson that he would let the bill go. So he stepped aside and gave floor-management responsibilities to Louisiana's Russell Long, second-ranking Democrat on the Finance Committee. Long talked long and hard on the Senate floor, but it seemed his talents might...
...mediocre meals in various halls and hotels while G.O.P. officials, candidates and would-be candidates orated to them over closed-circuit television. Billed as "Go-Day Rallies," the round-robin affairs rallied more than enough money to wipe out the Republican National Committee's $225,000 deficit left over from past campaigns, and gave party workers a chance to watch their standard-bearers at work...
...conservative Swiss are deeply worried about the rising cost of living (up 11% in the past five years), a balance-of-payments deficit and the franc's declining buying power. Their troubles really stem from an overdose of success. To meet increased demand abroad for Swiss goods, Switzerland in the early 1950s began importing increasing numbers of workers, chiefly from Austria, Italy and Spain; foreigners now comprise one-third of the country's 2,000,000 work force. These workers have helped to raise Switzerland's gross national product by an impressive 9% for the past...
...already getting big tax reductions in the bill" and would ignore "the pitiful cases that need it." The amendment's opponents also argued that the college tax credit would cost so much that Congress would have to cut back individual rate reductions. The proposal would also have increased the deficit in the Federal budget, which the Administration has been eager to reduce...
...Crimson had rallied from a two-goal deficit to tie the score with less than ten minutes of regulation time remaining, forcing the game into overtime...