Word: hike
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Dates: during 1960-1969
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Without a tax hike, the Treasury-which already spends 10.8% of national expenditures on interest payments-will have to borrow more money. This would make money available for private and corporate loans even more costly and difficult to get. Since Congress has shown no inclination to go along with a tax increase until the Administration has slashed nonmilitary spending, President Johnson two weeks ago agreed to a reduction of as much as $9 billion in his budget. Such a cut would affect foreign aid, the space program, the supersonic jet, and some or all of $1.5 billion in the highway...
...auto maker's shaky fortunes. During the first year, for example, the average A.M.C. worker will get only a 120 wage increase over the $3.40 an hour he now earns. That represents a marked concession by the auto union, which had won a 200-an-hour first-year hike in last year's settlements with Chrysler, Ford and General Motors...
...Harvard-Radcliffe Students for a Democratic Society last night announced plans to protest next year's hike in student fees...
Another high Coop official said that increased sales at the Tech Coop will be more important in boosting Coop profits, but agreed that a rebate hike is likely...
...official said that John G. Morrill, the Coop's general manager, stated last week that an increase to an 8 1/2 per cent rebate on cash purchases, and a 6 1/2 per cent rebate on credit purchases, is "conceivable." Neither spokesman expects the hike will come before the Coop's fiscal year ends on June...