Word: humphreyism
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Dates: during 1960-1969
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Perhaps the most fundamental issue dividing Humphrey and Nixon is whether Washington should mastermind or merely encourage social reform. Humphrey is convinced that the government must spend vast amounts of money to better the lot of Negroes, clean up the slums, improve health, transportation and education. Last month he came out for a 50% increase in social security pensions over the next four years, a boost that would ultimately cost $12 billion a year. Since all that money must come from somewhere, Humphrey is considerably less emphatic than Nixon in asserting that this year's 10% income surtax should...
...stretch-outs, he has cited public works, the supersonic transport, the post-Apollo space program and federal highway construction. With the war's end, part of the fiscal savings should be used to replace the draft with a volunteer, paid "professional" Army. On other issues, Nixon and Humphrey split somewhat less sharply, but keep the economic argument alive. Items...
...REFORM. Nixon pledges to keep the controversial 27½% oil-depletion allowance, which Humphrey says should be reexamined. Humphrey favors closing loopholes in income, estate and gift taxes. He has urged a "minimum income tax" for the wealthy, no matter how many tax shelters they enjoy...
...TRADE. Humphrey advocates reducing such nontariff barriers as quotas and import taxes, while protecting domestic industries against "unfair dumping" by foreign producers. Both men are fundamentally free traders, but Nixon goes along with "temporary" protection for such hard-pressed industries as steel and textile. He blames domestic inflation for the nation's shrinking trade surplus...
Brown's only threat is captain Don Humphrey, the sole surviving member of the '66 squad. Humphrey was the first Bruin to score against Yale in a dual meet last Saturday, trailing four Elis across the finish line. Hardin and company will be sorely disappointed if they are unable to put at least as many in front of Humphrey today...