Word: fowlerize
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...week, Administration fiscal journeymen let it be known that, just in case the present "inflation" turns into something more serious, they already are drawing up plans to increase both personal and corporate taxes. But neither of these is attractive-especially in a congressional election year. Therefore Treasury Secretary Henry Fowler swiftly denied that any such studies were under way, inveighed against "the same voices which have been historically preoccupied with inflation-they were apprehensive about inflation...
Treasury Secretary Fowler still insisted that "equilibrium"-an equal balance, give or take $250 million, between surplus and deficit-"remains our goal for 1966, and we mean to reach it." However, he hedged his confident earlier forecasts that the target would actually be met, calling both the price of the war and the nation's normally large trade surplus "imponderables" that could upset the calculations. Commerce Secretary John Connor sounded even gloomier. "The balance-of-payments problem is going to be with us in one form or another as far as the trained eye can see into the future...
...race that produced the wildest crowd reaction was one Harvard sewed up, the 200-yard breaststroke. Corris glided away from captain Bruce Fowler after 75 yards, passed the 100-yard mark in 1:04.5 and held the fast pace to finish in 2:16.7, a new pool and University record...
...cards. Bill Shrout and Pete Adams, if Brooks uses them should leave Roger Fagan in their wake in the 200-yard frestyle. Neville Hayes is at least two seconds better than Kalmbach in the 300-yard butterfly. Adams should also grab a sure second place in the 600. Bruce Fowler and Bob Corris will be able to glide to a two-second victory in the 200-breaststroke...
Expansionist Policy. The Administration's reaction to the problem of inflation has been a slowdown best summarized by Treasury Secretary Henry Fowler: "If you take your foot off the gas pedal, you won't need to use the brake." In one more letup on the gas last week, the House Ways and Means Committee approved Administration proposals to restore 7% excise taxes on autos and 10% taxes on telephone bills; the committee also approved a faster schedule of corporate-tax collections and a stepped-up pace for personal income-tax withholding...