Word: evening
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Dates: during 1960-1969
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...present 27½%, the Finance Committee bowed to public pressure to attack what many regard as the most egregious of tax shelters. Beaten, Long himself led a move to reduce the allowance to 23% - a higher figure than the House-approved cut to 20% - hoping to forestall an even greater reduction. The Senate version of the bill substantially reduces the additional taxes to be collected from the oil industry. Where the House bill would have raised the industry's taxes by $400 million a year, the Senate measure will raise only $155 million...
FOUNDATIONS. Even harder hit than the oil industry were the country's nonprofit foundations. They are easy political prey. Feared by some liberals because they represent aggregations of tremendous wealth over which there is no public control, the foundations are also mistrusted by conservatives because many of them support liberal causes with tax-free resources. In a move that was as political as it was economic, the Senate committee departed from the House bill to substitute a .2% tax on assets for a 7½% tax on net investment income and capital gains. It also went far beyond...
...meet his standards. Once asked when he would cease hounding a man. Mollenhoff replied, "When he drops." By the time he joined the White House, many were already weary of his zealotry. But with his new powers, Mollenhoff, 48, is a still fiercer hunter. There is even a rumor making the rounds that the lawyer-journalist-investigator will be J. Edgar Hoover's successor as FBI chief. "If I have made some people uneasy," Mollenhoff once said, "it's not really me that's bothering them. It's something else." If in the past a troubled...
...getting no answers to his letters to Postmaster General Winton Blount; when Blount invited Cooper to his office recently to talk over a Post Office problem, Cooper refused to come. Colorado's Peter Dominick is still seething over a contretemps with a second-echelon Treasury Department official, and even Karl Mundt of South Dakota-a staunch Nixon loyalist-complains of the "remoteness" of Administration staffers. The President himself angered many Republican Senators of every political hue. They could rarely...
...Federal Aviation Agency official: "That flight was handled as if it were Air Force One." The general public of two continents hung on Flight 85's every move, fascinated by the airborne drama. Once again it was evident that the awesome machines of the jet age can become even more fragile hostages than the hapless crews themselves...