Word: incomeâ
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...Potomac is booming. Humorist Russell Baker may garnish the truth when he writes of suburban lawns "green with money." And admittedly not everybody rushed to get at the $13,000 Chinese vases when the new Neiman-Marcus store opened last November. But by the most telling measure?family income???Washington has fattened into the most affluent metropolis in the country...
...committee staff found numerous items of value that Nixon received from the Government over the four years and said that he should either have listed them as income???or reimburse the Government for them...
...impact of America's welfare programs by diminishing incentives for self-improvement. A realistic example: a family receives benefits of $350 a month. The mother gets a $450-a-month job, but it involves expenses such as travel and baby sitters. The salary, however, puts her over the allowable income???the notch?and because the family loses all benefits there is no incentive to work...
...piled atop a big budget deficit, Kennedy counters with sophisticated rhetoric. The basic reason for the deficit, he says, is not that the federal budget is too fat, but that taxes are too high. Such taxes, the argument runs, drag down the economy, reduce corporate and personal income???and thereby shrink federal revenues. Tax reduction will get the economy moving faster, increase profits, incomes and tax revenues. Accordingly, argues the President, the increased margin of deficit resulting from tax reduction in 1963 would be a "temporary deficit of transition," a sort of investment in a sunnier future of faster growth...
...Income?...