Word: flak
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Removing Ceilings. The Carter program has been getting some flak from another quarter: opposition appears to be growing among both parties in Congress. Last week the House Budget Committee voted to increase the $1.7 billion for jobs programs in fiscal 1977 to $3.5 billion, and under intense debate were Carter's proposed business tax changes, which offer an option of a 12% investment tax credit or a credit equal to 4% of Social Security taxes. Al Ullman, chairman of the House Ways and Means Committee, prefers a tax credit equal to 25% of the wages of new employees...
Contrary to many expectations, the 6% price increases that all major steelmakers posted on about 40% of their shipments in early December seem to be sticking, despite heavy political flak. Mill executives say that the real test of whether the boosts will last in the market will not come until January. But the increases have survived criticism by President Ford's Council on Wage and Price Stability and publicly voiced "concern" by President-elect Jimmy Carter...
...times during his eight years as mayor of Indianapolis and left office this year with a surplus of $4.5 million. Lately, Lugar, who has a stiff campaign manner, has loosened up his style, shedding his conservative business suits for bright blazers and white loafers. He has run into some flak from Common Cause for his acceptance of $10,000 in contributions from the A.M.A., twice the amount allowed one contributor by law. He claims it was legal. However, with a $500,000 budget, thousands of precinct workers, and an aura of the Eagle Scout (he actually was one), Lugar looks...
...head off more shooting, Syria last week put increased military and political pressure on its troubled neighbor. At least 3,000 Syrian troops were reported in Lebanon, along with 7,000 fighters of the Damascus-controlled Saiqa fedayeen movement. Syrian tanks and antiaircraft "flak tracks" dug in three miles across the border, and armored cars probed as far as the Lebanon mountains overlooking Beirut. Curiously, it is Lebanon's Christians-not the Moslems-who welcome the Syrian incursion; they believe that the Syrians will forge a peaceful settlement...
...different borderline in mind. He warned that Israel had marked out a "red line" beyond which Syrian forces could not move. Although Rabin refused to pinpoint the line, military observers judged it to be the Litani River, running south and west through southern Lebanon. "If they bring in flak and missiles and get close to the Israeli border," said a Western diplomat in Beirut, "the Israelis will likely do something about it." Agreed another: "We are sitting on a tinderbox...