Word: kickback
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Dates: during 1960-1969
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...particularly called for tax reductions?a step that Keynes had advocated as early as 1933. The Kennedy Administration stimulated capital investment by giving businessmen a 7% tax kickback on their purchases of new equipment and by liberalizing depreciation allowances. Kennedy also campaigned for an overall reduction in the oppressive income-tax rates in order to increase further both investment and personal consumption. That idea, he remarked, was "straight Keynes and Heller...
...Stump the Snoopers. Star witness was Insurance Man Don Reynolds, 48, an old business buddy of Baker's. He testified that in 1959 Baker arranged an insurance kickback from Philadephia Contractor Matthew McCloskey, 71, former Democratic National Committee treasurer and Ambassador to Ireland under John F. Kennedy, who was then angling for the contract to build Washington's $20 million municipal stadium. McCloskey, said Reynolds, made the payoff by handing over $35,000 more than he had to on the premium on a performance bond for stadium construction...
...Volkswagen. The government also started to "re-examine" the joint Anglo-French projects to build the Channel tunnel and the Concorde supersonic jet transport (the French feel certain that Britain will try to pull out of the Concorde). On top of that, the government announced a tax kickback for exporters, amounting to 1.5% of the value of goods shipped...
More recently, Jenkins' name cropped up again. According to an affidavit by Reynolds, Jenkins badgered him last year for a cash kickback on a second $100,000 policy that Reynolds sold to Johnson after Johnson became Vice President. Jenkins told him, Reynolds said, that the money should be given to Bobby Baker, who "would bring...
...Baker received a $4,000 kickback on a commission earned by Reynolds in connection with the building of the District of Columbia stadium...