Word: humphrey
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Dates: during 1950-1959
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Last week Treasury Secretary George Humphrey said that the Administration will "vigorously oppose" a drive, led by Georgia's Democratic Senator Walter George, to raise exemptions from the present $600 to $800 this year and to $1,000 in 1955. House Republicans, seeking a more politically palatable way to head off the Democrats, are pressing a plan to slash excise taxes on such items as furs, jewelry, cosmetics, theater admissions, transportation and communications−most of them by 50%. Humphrey said this week that he was against so broad a reduction, but would approve more "selective" cuts in excise...
Latin American hand, to the post of Ambassador to Sweden. Almost to a man, they believe that Cabot was moved out because he had urged greater use of Export-Import Bank loans to finance Latin American economic development, and was overruled by Secretary of the Treasury George Humphrey, who favors letting the World Bank take over that responsibility. Now, though Cabot will still go to Caracas as Dulles' adviser, the Latinos are wondering what further changes in U.S. policy to expect...
...When Humphrey and the rest of his party were ready, Ike climbed aboard a shiny black, red-wheeled "Thomasville wagon,"* drawn by two white mules. Secret Service Man James Rowley sat on the tail gate and the others-Secret Service agents, beaters, Humphrey and guests -mounted horses. At dusk, after three hours of shooting in the marshlands, Ike returned with nine quail-three short of a day's legal limit...
...goose that lays the golden egg," said Treasury Secretary George Humphrey, "is production. If you haven't got a payroll, you haven't got consumers." On that thesis, the Eisenhower Administration has drafted its tax program. In the process, it has also drawn a clear line of definition between its economic policies and those in force over the past 20 years...
...plan does not mean that the Republicans are overly committed to help business at the expense of individuals. The reason that Humphrey is putting the emphasis there now is that it takes longer for industry to respond to such incentives than it takes a consumer to respond to a tax cut that puts money in his pocket immediately. This is particularly true in today's economy, in which it often costs upward of $30,000 in plant and equipment to create a new job. Furthermore, if more personal income-tax cuts are needed to increase consumption, they...