Word: knowlands
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...Knowland Reports Tax Reduction Postponed...
WASHINGTON, Dec. 4--Sen. Knowland (R-Calif.) reported tonight it probably will be necessary to postpone a three-billion-dollar-a-year reduction in corporation and excise taxes scheduled for next June...
...Knowland said he is very hopeful that a tax increase can be avoided, but that any reductions next year are "highly unlikely." The senator also said he had a strong impression that the budget for the fiscal year starting July 1 can be balanced...
Another source of pressure was Vice President Richard Nixon, who figured that he had much to gain from a healthy, united Republican Party in his home state, even though Knowland's election as governor of California might build Knowland into Nixon's rival for the Republican presidential nomination. Working through intermediaries, Nixon sent word to Knight, his old political enemy, that Knight, if he withdrew, could have either 1) near-unanimous party backing for the Senate or 2) a fat Administration appointment...
...peace was wonderful for Republicans, it was dismal for Democrats. Just before Knight's move, Democratic Attorney General Edmund G. ("Pat") Brown had announced his candidacy for governor, betting heavily on the fact of a Republican-splitting Knight-Knowland contest. His bet lost, Brown complained of a "cynical deal engineered by a reactionary darling hell-bent for the White House." But Pat Brown, described by a friend as "a great big Teddy bear who doesn't want to grow claws," has never shown any liking for a knockdown drag-out fight. And that was the only kind...