Word: fowlers
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Political Flimflam. The Ways and Means Committee, chaired by Arkansas' Wilbur Mills, has spent its closed hearings until now debating not the tax proposal before it, but possibilities of paring the budget. From top Administration officials, notably Treasury Secretary Henry Fowler and Budget Director Charles Schultze, it received no satisfaction. Instead, Schultze taunted the committee with talk of wholesale cuts that would inevitably cripple popular programs such as health services. This the committee regarded as political flimflam. Rumors circulated of a direct offer from the White House-apparently unknown to Fowler and Schultze-to match any tax increase with...
...most of the 2,200 delegates, bankers and officials in Rio when he called last week's agreement "the greatest step forward since the creation of the IMF" 23 years ago at Bretton Woods, N.H. It was also a considerable personal triumph for U.S. Treasury Secretary Henry Fowler, who had to overcome the fears of skeptical central bankers that the U.S. would use S.D.R. to cover up its chronic payments deficit...
Treasury Secretary Henry Fowler was as blunt as he was gloomy. Failure to enact a 10% income tax surcharge, he told Congress last week, would leave the U.S. with "an economy in shambles." Without higher taxes, insisted Fowler, the nation faces "the biggest deficit since World War II, an overheated economy and spiraling inflation, sky-high interest rates and tight money for all borrowers...
...Federal Reserve Chairman William McChesney Martin, looking uncommonly cheery, hailed the agreement as a "milestone," U.S. Treasury Secretary Henry Fowler was positively expansive. Said he: "This is the most ambitious and significant effort in the area of international monetary affairs since Bretton Woods...
Marching before the Ways and Means Committee with a squadron of aides and a stupefaction of statistics were the President's fiscal troika: Henry Fowler, Budget Director Charles L. Schultze and Council of Economic Advisers Chairman Gardner Ackley. At the outset, Ways and Means Chairman Wilbur Mills, whose opposition spells finis for any tax package on the Hill, noted ominously: "I regret exceedingly the circumstances that bring you here...