Word: lessness
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Dates: during 1960-1969
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With or without White House backing, Congress should strive to redraw the tax code into something much fairer and less complicated. But serious tax reform will have to attack special interests all at once if it is to have much chance of enactment. Piecemeal efforts invite public apathy, which makes it easier for Congress to acquiesce to the demands of loophole beneficiaries. When tax-code reform is accomplished, Congress will be free to act on some new and imaginative tax ideas, such as Nixon's plan to offer special incentives for the rebuilding of ghettos and Economist Walter Heller...
...deducted $465,396 for state and local taxes that he had paid and wrote off another $5,543 in medical expenses and $24,129 in miscellaneous expenses. He donated a staggering $4,080,614 to charity, mostly in property that had originally cost him far less. As a result, he owed the Government nothing...
...pressure from the established leaders of American business, many of whom have called for Government help to put down the upstart conglomerates. Worries about conglomerates have been especially strong among executives of the generally conservative and slow-moving steel industry. Quite a few have sought to make their companies less vulnerable to takeover by revamping accounting procedures to increase reported earnings...
Defense Testimony. LTV vowed to defend itself vigorously. Its officers dismiss concern about reciprocal trading by noting that business among LTV's ten subsidiaries has traditionally amounted to less than 1% of company sales. As for the supposed dangers of economic concentration, no one has yet proved that industrial bigness necessarily means badness. On the contrary, the U.S. has prospered in world trade precisely because of the relatively large size and resources of its companies. The takeover of Jones & Laughlin by an aggressive outsider like Jim Ling could prove something of a welcome stimulus to the clubby steel manufacturers...
Careers have been built on a lot less, but then Raquel started with a lot less. Daughter of a Bolivian engineer named Armand Tejada, Raquel moved to La Jolla, Calif., in 1944, when she was two. The proximity to Hollywood was not wasted on the skinny, ambitious child. At 15, she had a lead role in the local Mexican festival. After a little TV and some modeling, she decided, at 21, to make it in the movies...