Word: hellers
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...weeks now, former White House braintrusters of such varied stripe as Walter Heller and Paul Samuelson, editorialists as far apart as the Wall Street Journal and the New York Times and Senators of such diverse views as New York Republican Jacob Javits and Missouri Democrat Stuart Symington have been sniping at everything from the government's fiscal blunders and the often broken wage-price guidelines to the faulty forecasting of the President's Council of Economic Advisers. Finally, when Wisconsin Democrat William Proxmire called 1966 "the year of the big goof," charging that the Administration had underestimated Viet...
...prevent just this, a tax hike was urged privately but none too effectively by Gardner Ackley, chairman of the President's Council of Economic Advisers, and publicly by such former CEA chairmen as Walter Heller, Arthur Burns and Raymond Saulnier, as well as the Federal Reserve's Chairman William McChesney Martin. Johnson rejected the advice. Administration insiders say that the President took soundings on Capitol Hill and decided that he could not persuade Congress to pass a tax increase in an election year. House Ways and Means Chairman Wilbur Mills and Senate Finance Chairman Russell Long opposed...
...President was not getting enough counsel close to home, a chorus of tax advice descended on him last week from just about every other quarter. Some influential voices continue to insist on a tax increase, of course, such as those of Walter Heller, former chairman of the Council of Economic Advisers, Harvard Economist John K. Galbraith and Chase Manhattan Bank President David Rockefeller. But the nays increasingly have...
Those who favor a tax increase cite the soaring costs of the Viet Nam war. But they also see it as a means of taking the pressure off tight money and high interest rates-the villains behind the severe slump in housing. Walter W. Heller, ex-chairman of the Council of Economic Advisers, argues that such a "distortion" in one sector could slow down the whole economy. Others agree that the Government should "shift the mix" of its economic policies by easing interest rates while imposing a one-year increase in taxes...
...president and homeowner drool. It calls for no-strings subsidies to states of roughly $30 per capita at first. This would enable the states to spend what they should and yet hold down their property and sales taxes. While the plan would penalize rich states to benefit poor ones, Heller contends that it would serve the cause of "creative federalism." Heller believes that his idea is no more radical than the earlier changes of the 1960s. Conservatives now recognize the need for frequent Government manipulation of taxes, spending and subsidies, while liberals like himself, says Heller, have a new understanding...