Word: jans
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Dates: during 1970-1979
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...nation's No. 1 economic problem. The President did, a month later. Miller publicly advised Carter to delay the $25 billion tax cut that the President had proposed to take effect Oct. 1, and to shrink the budget deficit. Carter has agreed to make the tax reduction effective Jan. 1, and to squeeze it down to $15 billion. That and other actions, according to Administration forecasts announced last week, are supposed to lower the budget deficit for fiscal 1979 from the $60.6 billion that Carter had recommended in January to $48.5 billion, which is closely in line with Miller...
...widely thought to be a bluff, but if positions continue to harden, he may make good on his threat. That could be calamitous. Congress almost certainly will pass some sort of cut in capital gains, but vetoing the entire bill just for this would hurt the economy. On Jan. 1, taxpayers face some $6.6 billion in additional Social Security levies and the expiration of about $11.5 billion in temporary income tax cuts enacted during the Ford Administration. Unless the resulting tax increases are offset by new reductions, the drain on consumer spending power could lead to a recession...
...Although Miller opposed his colleagues at the Fed on the need for another discount rate increase, he is persuaded that inflation is a more immediate peril than recession; he recommended that Congress postpone the 25?-an-hour increase in the minimum wage (now $2.65) that is set for next Jan...
...Jan. 4, 1960, on a road southeast of Paris, a car lurched out of control and crashed into a tree. The driver and two of his passengers were injured; the fourth was killed instantly. When news of the tragedy emerged, the only appropriate word was one that the dead man had made famous: absurd...
...Americans to think of military figures in a political way; and now here he was, a general and a political figure. He made a rather impassioned speech about the vital separation of military from civilian in American life. He'd made the mistake, on Jan. 7, of stating he would never run for the presidency unless there was a "clear-cut call to political duty" from the American people, and he shouldn't have used that phrase. What was a clear call? he asked rhetorically. The New Hampshire primary? The Minnesota write...