Word: fiscality
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Dates: during 1950-1959
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...President so effectively controlled an opposition Congress. The labor reform bill that passed both houses last week (see below) would have been a far weaker measure, all partisans admitted, but for the President's well-timed radio-and-television intervention. But his greatest battle was for fiscal stability, and his stand against free-handed spending last week withstood the nearly irresistible force of pork-barrel politics. Whipped. The clash: an all-out drive by House Speaker Sam Rayburn and his big Democratic majority to override the President's veto of the public-works appropriation bill, a $1.2 billion...
...would mean the end of Michigan's troubles, most thought otherwise. Lawyers are bound to argue that the use tax is really nothing more than an increase in the sales tax, which the Michigan constitution places at a maximum of 3%. The "solution" could amount to no final fiscal solution for Michigan-but very probably it had solved once and for all the G.O.P.'s problem of Soapy Williams...
...step in the right direction," said Ike (he had urged a 1½ increase), but he objected to the proposal to channel about half the revenue from federal taxes on automobiles and parts into the highway trust fund. Transferring that revenue, argued Ike. ''would only shift the fiscal problem from the highway fund to the general fund, which is already in precarious balance...
...respected on both sides of the aisle. Two years ago, at 48, he became the youngest chairman in the history of Congress' most important committee, tax-writing Ways & Means, and he showed promise of being a great one. He already knew more about the complexities of federal fiscal policy than any other man in the House. Sam Rayburn leaned on Mills's advice in fiscal matters, seemed to be grooming him for the Speakership...
...policy switch last month, the Government decided to take aid neutrally from all corners-and started off with a four-year pledge of $37 million from the U.S. for road and school construction. Last week, presenting his new budget, Finance Minister Kyaw Nyein showed how well the new-style fiscal neutrality works. Among expected revenues...