Word: financee
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Dates: during 1960-1969
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Trapped in a racial buffer zone between the black ghetto and white suburb, the white lower middle class is hit hard for revenue to finance welfare and all the other rising costs of big-city government. The middle class has the heaviest tax burden, but almost everywhere lower-middle-class...
Congress continues to battle over extension of the $8 billion income-tax surcharge, the Government's prime anti-inflation program. The extension bill has been blocked in the Senate by Democrats who are determined to hold it as a hostage until the Administration agrees to significant tax-reform measures...
Most important of all is business's spending on new plant and equipment, which is the major thrust behind the 1969 inflation. Early in the year companies planned to spend some $73 billion on new facilities, or 14% more than last year. But tight money and prospects of less...
After five years of haggling, the ten major financial powers of the non-Communist world agreed last week in Paris to introduce an international money: paper gold. Called Special Drawing Rights, or SDRs, the new reserves will reduce nations' dependence on the diminishing supply of real gold in global...
While in Washington, the delegation met with Massachusett's members of the House of Representatives, and with members of the Senate Finance Committee.