Word: exceedingly
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Dates: during 1950-1959
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...with the $5 billion loss in tax revenue, the Government's "cash budget" - the money it actually takes in, balanced against the money it pays out - will show a surplus of $115 million. Chief reason: payments to the Government for social security, not counted in the main budget,, exceed expenditures by about $2 billion...
...items where tariff rates exceed 50% of the goods' value, give the President power to cut tariffs back to 50%, over a three-year period. This would encourage imports of such foreign specialties as toys and scientific instruments...
...Tompkins-Rabin committee promised, after the first round of witnesses last week, to seek legislation to end the charity rackets. Worried administrators of such legitimate charities as the Salvation Army, the Red Cross and the various Community Chests pointed out that their fund-raising and administrative costs rarely exceed 12%. There was widespread fear that worthy causes would suffer financial loss in the exposure of the rackets...
...present 1½rate of contributions, the trust fund will be exhausted by 1967, but at 2% it would last until some time after 1975. And if later scheduled increases (to 2½% in 1960, 3% in 1965, and 3¼% in 1970) go through, the trust fund will exceed $65 billion by century...
...contributions by workers and employers would be periodically adjusted to bring in what the Government has to pay out in benefits. Labor unions oppose pay-as-you-go; they believe that businessmen want it only because it would lighten their social-security taxes for years, at least until benefits exceed income. Eventually, under pay-as-you-go, the contributions tax by both employer and employee might go to 4% or more to cover benefits...