Word: inflationitis
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Dates: during 1960-1969
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THE TAX SURCHARGE. The chairman sees no escape from continuing the levy. If Lyndon Johnson and Richard Nixon had not agreed in January to extend the 10% income tax surcharge beyond June 30, said Mills, "President Nixon would have had, within 30 days of taking office, a very intolerable situation...
SOCIAL SECURITY BENEFITS. Although Richard Nixon proposed in the 1968 campaign that benefits should automatically increase with rises in the cost of living, Mills is skeptical: "We no sooner passed the Social Security Act of 1967, increasing benefits, than inflation is allowed to get to such an extent as to...
Mills' objection is that social security fund receipts would not necessarily keep up with payments. But, he said, "I think Congress should take a look to see what the situation is since we have had this inflation. Bear in mind that about 70% of the people who receive social...
A5 a prelude to President Nixon's forthcoming trip, a team of top U.S. moneymen traveled to Europe last week for the new Administration's first formal contacts with European economic officials. At the week-long meetings in Paris of the 22-nation Organization for European Cooperation and...
Looking tanned and relaxed in the taped appearance, Reagan explained that all increases next year are "fully necessary" to cover increases in the population and inflation. Then, announcing the $100 million income tax reduction, he beamed proudly: "I believe we have started what we hope will be a new trend...