Word: last
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Dates: during 1960-1969
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...ranking of urgent domestic priorities, dealing with inflation is clearly first. For the moment at least, it is more urgent than even the task of providing urban housing or filling other social needs. For that reason, probably the last thing the U.S. needs right now is a tax cut, however popular the idea. A cut would stimulate consumer spending, probably deny the Nixon Administration a budget surplus as a means of cooling off the economy, and throw the whole burden of combatting inflation onto a continued tight-money policy-to the distress of both home buyers and businessmen...
...last week the Senate passed a massive tax cut, the biggest since 1964, to take effect at the worst possible time for the economy. "A matchless performance in fiscal irresponsibility," declared the Administration's phrasemaker, Vice President Spiro Agnew, in a New Orleans speech. Many others agreed with him. Vermont's Senator George Aiken protested that "this Christmas tree is getting overloaded." Delaware's Senator John Williams, speaking with the objectivity of a politician who is retiring next year, blamed the "100 Santa Clauses" in the Senate. Added Williams: "When the American people get the bill, they...
...person to $800, the Gore amendment would reduce taxes by 61% for a family of four earning $5,000 a year, by 27% for a family earning $7,500. Ignoring President Nixon's warning that Gore's proposals failed "the test of fiscal responsibility," the Senate last week passed them by a vote...
...anti-inflationary measure. Thus the congressional Democrats have the best of all political-if not economic-worlds. If Nixon signs the bill, they can claim credit for tax reduction and blame the Administration for inflation. If he vetoes it, they can blame him for both inflation and high taxes. Last week Mills promised that the President would receive the final results of Congress's labors before Christmas...
...White House Conference on Food, Nutrition and Health was going to be different from other Government-sponsored meetings in the past, promised Richard Nixon. This time, he said, there would be action, not just talk. But many of the 3,000 delegates gathered last week in Washington's Sheraton-Park Hotel were not convinced. With its 26 study groups, eight task forces and diffuse agenda, the massive meeting lacked coherence. The urgency and anger felt by the representatives of the poor often seemed in danger of drowning in a sea of professional expertise. Yet out of the potential chaos...