Word: hike
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Dates: during 1960-1969
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...speech aloud. Johnson held his options open until the eleventh hour, ordering innumerable page-by-page rewrites-mostly by outgoing Press Secretary Bill Moyers, chief writer of the speech. Not until 5½ hours before he was to speak did he iron out the final dimensions of the tax hike. Even as he dressed in his White House bedroom, an hour before leaving for Capitol Hill, Johnson was scribbling new lines on his copy...
...rallied within hours and, in a gigantic trading day, closed 8.35 points higher than it opened, and then kept up its steam all week (see U.S. BUSINESS). On Capitol Hill, key finance-committee leaders from both parties predicted that Congress would probably not rush consideration of a tax hike, since the President had not indicated that it was an emergency measure. But they were confident that an increase, if still necessary by spring, would be approved without serious trouble...
...higher-education budgets at the same level as this year, but with a substantially smaller portion of the funds coming from the state. These recommendations took administrators and even the Board of Regents, the university's governing body, by surprise. They had asked for a fifteen per cent budget hike for 1967-68, because they anticipated a proportional increase in enrollment...
California's Reagan, a neophyte in government, almost certainly faced the necessity of a tax hike, but proposed a tough-minded reappraisal of exactly what state funds were being doled out for. "The time has come," he said, "to run a check to see if all the services government provides were in answer to demands or were just goodies dreamed up for our supposed betterment." He promised that his administration would "squeeze and cut and trim" government costs, partially through a reorganization of agencies, until "we will build those things we need to make our state a better place...
Climate of Uncertainty. Though Lyndon Johnson was keeping mum about his plans, he has already committed himself to several new pieces of legislation that will be costly, such as a 10% to 15% across-the-board hike in social security. The President has hinted that there will be major new legislation in the area of child health, particularly in dentistry; half of all U.S. children under 15 have never been to a dentist...