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...midst of Washington's worried deliberations over Viet Nam and Korea last week, Secretary of State Dean Rusk took time out to join Treasury Secretary Henry Fowler on a quiet but urgent mission to Little Rock, Ark. There, in The Coachman's Inn, the two Cabinet members spent a precious two hours and ten minutes with Representative Wilbur Mills in yet another effort to enlist his support for the President's tax bill. Mills, characteristically, was unimpressed...

Author: /time Magazine | Title: Nation: Wilbur the Willful | 2/9/1968 | See Source »

...Rusk-Fowler trip pointed up the immense importance the White House attaches to both the tax increase and Mills's position as chairman of the powerful House Ways and Means Committee. Lyndon Johnson has lined up his whole Cabinet, the Federal Reserve Board and battalions of bankers, businessmen and economists behind the tax bill. But standing against this seemingly irresistible tide is Wilbur the Willful, an immovable sea wall...

Author: /time Magazine | Title: Nation: Wilbur the Willful | 2/9/1968 | See Source »

...necessary or desirable. He profoundly disagrees with Johnson's policy of attempting to finance the Viet Nam war and domestic social reforms simultaneously, insists that spending will have to be reduced somewhere. "If I asked the American taxpayer to pull in his belt," Mills said after the. Rusk-Fowler visit, "I would expect the Government to do the same thing." Since the Johnson Administration feels that it cannot sweat anything out of the war budget, the effect of Mills's position has been to bring the Great Society to a sudden, painful pause. Moreover, Mills is being unduly...

Author: /time Magazine | Title: Nation: Wilbur the Willful | 2/9/1968 | See Source »

...exercise had a this-is-a-recording tone, but the White House sent in the first economics team anyway: Treasury Secretary Henry Fowler, Budget Director Charles Schultze, Federal Reserve Chairman William McChesney Martin and Chairman Gardner Ackley of the Council of Economic Advisers. For two days, the witnesses piled statistic on projection to prove essentially two points: that without the tax increase inflation will grow ever more serious, and that the added revenue is sought not to finance new spending programs but to hold the federal deficit to a manageable figure...

Author: /time Magazine | Title: Nation: Advocate & Judge | 2/2/1968 | See Source »

Having decided to switch from mild restraints to harsh controls, Johnson cloaked his planning in warlike secrecy. While the President was in Australia, Treasury Secretary Henry Fowler, Commerce Secretary Alexander Trowbridge, Secretary of State Dean Rusk, Federal Reserve Board Chairman William McChesney Martin Jr. and White House Aide Walt Rostow stitched to gether a list of recommendations...

Author: /time Magazine | Title: Trade: What the Restrictions Mean | 1/12/1968 | See Source »

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