Word: inflationitis
(lookup in dictionary)
(lookup stats)
Dates: during 1960-1969
Sort By: most recent first
(reverse)
Congress continues to battle over extension of the $8 billion income-tax surcharge, the Government's prime anti-inflation program. The extension bill has been blocked in the Senate by Democrats who are determined to hold it as a hostage until the Administration agrees to significant tax-reform measures...
He may have no choice. The Administration is firmly pledged to do whatever it can-or must-to slow down the nation's economy. President Nixon demonstrated this commitment last week when he ordered federal spending trimmed by $3.5 billion, primarily in non-Vietnamese military programs, in order to...
STEPS to restrain an overgrowing economy and control inflation never begin to take effect for at least six months. Paul McCracken, the President's chief economist, rather charitably calls that tense period of waiting and watching "the awkward months." Last week, seven months after Washington's policymakers set...
Most important of all is business's spending on new plant and equipment, which is the major thrust behind the 1969 inflation. Early in the year companies planned to spend some $73 billion on new facilities, or 14% more than last year. But tight money and prospects of less...
Mansfield's hope is that the House Ways and Means Committee, which is working on its own plan to revise the tax structure, will get its version of reform passed by the House and the Senate before Congress goes on vacation Aug. 13. Administration economists contend that if the...