Word: hiked
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Dates: during 1960-1969
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Chorus of Advice. Despite the remaining inflationary tugs, most of his advisers are now cautioning the President against a tax hike. The economy, said one White House aide, is in approximately the same shape as Baby Bear's porridge when Goldilocks found it: "Not too hot and not too cold -just right." Most of the Government's economists now see a modest increase in the gross national product of 4% or $50 billion (to some $790 billion) for next year, an indication that the economy has lost much of the steam that has kept it percolating since...
M.I.T.'s prestigious Paul Samuelson is against a tax increase. So is New York's First National City Bank, which warned that it could have a "perverse" effect on the economy. Richard Nixon said last week that a tax hike might cause a recession that "would wipe out the gains of the past ten years." House Minority Leader Gerald Ford believes that it would be a "tragic mistake." Democratic Senators Vance Hartke of Indiana, George Smathers of Florida and William Proxmire. of Wisconsin all oppose it. The President's influential fellow Texan, Chairman Wright Patman...
...billion and $130 billion, and revenues around $117 billion. Though Johnson last week squeezed $3.3 billion from such programs as highway construction, hospital-building, and urban development, the deficit could still break the postwar 1959 record of $12 billion. That would seem to point to a hefty tax hike-but another estimate crossed the President's desk last week that pointed in the opposite direction. According to the Commerce Department, industry's pell-mell increase in plant expansion, which did much to overheat the economy, is slowing down. This year, such outlays increased a lusty...
...profundo. Since opening its new house in September, the Met has been 100% sold out and has turned away thousands of ticket seekers, who are 100% furious. But the smell of success is not sweet. Last week, pleading "a gross miscalculation" in budgeting, the Met announced that it must hike ticket prices by roughly 20%, or an increase from $13 to $15.50 for the top-priced seats. The reason, explained the Met's board of directors, is that, like dreamy-eyed newlyweds, they had underestimated the cost of housing by some $3,000,000. The error was forgivable...
After Kentucky's legislature author ized a 10% hike in school taxes, the Pike County school board duly upped its budget, then sought the necessary majority approval from the eight-magistrate fiscal court. Never, cried Magistrates Taylor Justice, Foster Bentley, Burbage Prater and Darwin Newsome. Because the tax rise exempts utilities from paying more property taxes than they already do, charged the magis trates, the school board actually was seeking an "illegal" 20.8% hike for ordinary citizens...