Word: democratic
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Dates: during 1960-1969
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...Embarrassments. During the week-long debate, Tennessee Democrat Albert Gore laid down the only blanket denunciation of the bill, claimed that it was "the embodiment of fiscal folly" and "unconscionable" in its tax reduction "for the already rich." Yet despite his vow to try to scuttle the bill, Gore's only victory was to tax Americans living abroad more heavily. Passed 47-41, his proposal would require U.S. citizens living overseas more than three years to pay full tax on all income over $6,000; they now enjoy an annual $35,000 exemption. Those abroad 17 out of each...
...manner obscured by a derisive myth, Harold Stassen bears somewhat the hallmark of a Republican Stevenson. Though his wit is an auxiliary to (rather than a component of) his thought, and though he relishes politics, unlike the reluctant Democrat, Stassen shares with Stevenson, a first-hand respect for thought and an intellectual boldness, along with a reputation for defeat...
...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 not be needed. Administration leaders predicted at least 80 Senate votes for the bill, with passage this week...
...city price tag: the plaintiffs asked $225,000 damages for libel and conspiracy. The cast of characters read like the line-up for a movie: an admitted ex-Communist, an organizer for the John Birch Society, two former state legislators (one a Democrat, the other Republican) and a dapper weekly newspaper publisher. Bit parts were to be played by a Hollywood star and an ex-U.S. Senator...
...labor talks in major industries. Should inflation appear again despite this warning, it will be the job of the Federal Reserve Board to combat it by limiting the money supply-and that possibility last week caused a clash between Fed Chairman William McChesney Martin Jr. and his archcritic, Texas Democrat Wright Patman, chairman of the House Banking Committee...