Word: exempt
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Dates: during 1960-1969
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...produced a fair-housing bill that gave the Johnson Administration several slices less than half a loaf. The President wanted a law that would forbid racial discrimination in the sale or rental of all housing in the U.S. The House balked at such a sweeping measure. It voted to exempt individual owners who make no more than two sales a year and landlords who rent buildings with no more than four units and live on the premises. The bill thus covers 23 million of the nation's 60 million housing units (only 6,000,000 of them...
...Under Merrill Lynch encouragement?to the tune of $400,000?the University of Chicago's Center for Research in Security Prices recently studied all stock-price changes since 1926, carried out 56,558,000 computerized transactions. Result: a long-term profit that varied according to tax bracket: a tax-exempt institution would have earned 9% per year on its investment since 1926; an individual in the $10,000-a-year bracket, 8.2%; and one in the $50,000-a-year bracket...
...years ago, Pearl Sydenstricker Buck hired Theodore F. Harris, a ballroom-dancing instructor, to teach her the rumba. Widow Buck, now 74, took a motherly interest in Harris, now 36, named him president and executive director of her tax-exempt Pearl S. Buck Foundation, which since 1964 has raised $155,000 to help care for about 1,000 of the hundreds of thousands of rejected, mixed-blooded "Amerasian" youths who since 1945 have been fathered by American servicemen from Korea to Viet Nam. Mrs. Buck and Harris swung across the U.S. last year on a fund-raising tour that actually...
...Majestic Opportunism." The committee then spent two days in bitter debate before adopting, 21 to 13, Maryland Republican Charles Mathias' substitute proposal, which would exempt individual homeowners and owners of dwellings with four units or less. A principal feature of the substitute clause is that it would permit other owners to make two discriminatory transactions in a single year, but would make a third such sale illegal; large-scale real estate operators would thus find it difficult to segregate big apartments or tracts. Almost apologetically, Committee Chairman Emanuel Celler of Brooklyn noted afterward: "All good legislation is the result...
...Chicago Bears Linebacker Dick Butkus ($100,000) and Green Bay Packers Fullback Jim Grabowski ($250,000). Players might claim that the league was limiting their right to choose the place and price of their employment. To head off such an action, league officials are lobbying for legislation that would exempt pro football from federal antitrust laws...