Word: hellers
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...groups or special individuals that run counter to our notions of tax fairness." Commissioner of Internal Revenue Mortimer Caplin has long yearned to cut taxes from 91% to 65% in the highest brackets, and from 20% to 10% in the lowest brackets, chinking loopholes to stanch the loss. Walter Heller, the President's chief economic adviser, would cut the maximum rate to 60%, reduce the lowest rates from 20% to 14%. All three oppose what Heller calls "upsidedown subsidies," such as oil and mining depletion allowances and stock dividend exemptions...
...newly appointed chairman of the Council of Economic Advisers Walter Heller is willing "to accept-in preference to high unemployment-a 'tolerable' amount of inflation," then we as a nation should be ready to accept a little bit of embezzlement, bank robbery, blackmail...
...mannered, hard-minded State Secretary Dean Rusk, who last week made it clear to the Senate Foreign Relations Committee that the Kennedy Administration will not be setting any new foreign policy worlds afire come Jan. 21. Again, as chairman of his Council of Economic Advisers Kennedy chose Liberal Walter Heller-but the new Treasury Secretary will be Republican Douglas Dillon, who last week warned Congressmen not to expect any revolutionary New Frontier economic policies (see BUSINESS). Indeed, in almost every area of Government, Kennedy has selected the wilder-eyed liberals to fill second ary posts-and placed them under...
...Cleveland Plain Dealer suggested darkly: "It remains to be seen whether the gateway to the New Frontier will lead to a Paradise for Planners or the rocky road of hard work and self-sacrifice." In Chicago, the Tribune scanned the economic survey prepared for Kennedy by Paul Samuelson, Walter Heller and other economists, and concluded that the New Frontier might become a retreat to the wartime "regimented economy" of Franklin D. Roosevelt. "Man, do you glimpse that New Frontier?" cried the Tribune. "It seems to have barbed wire around...
...Economic Advisers. Shy, brilliant, three-degree (A.B., M.A., Ph.D.) Harvardman Tobin is Sterling Professor of Economics at Yale and a specialist in statistical analysis of consumer purchasing. A believer in federal spending, he stands in economic thinking just a slight twist to the right of Council Chairman Walter Heller. Rhodes Scholar Gordon-the fourth Rhodes scholar for the New Frontier team, after Dean Rusk, Treasury Under Secretary Robert Roosa, Charles Hitch-also did graduate work at Harvard, took leave from his professorship at Williams College last January to be director of economic development and administration for the Ford Foundation. Another...