Word: netful
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Dates: during 1960-1969
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...amendment seems likely to doom some of the hoariest of all political fund-raising gimmicks. No deductions would be permitted for ads in "a convention program of a political party, or in any other publication" or for "admission to any dinner or program" if any part of the net proceeds "inures to a political party or to a political candidate." Nor would write-offs be allowed for "admission to an inaugural ball, inaugural gala, or similar event identified with a political party or a political candidate...
...Net all these delegations could be classed as African "radicals," but the walkouts removed enough of them to give the moderates their day. When the Rhodesia question at last came before the conference, the resolution that succeeded was not Algeria's-which called for a guerrilla war against Rhodesia-but a more orthodox measure calling on Great Britain to use force if necessary to suppress the Rhodesian rebellion...
...Safety Net...
Weaver also revived the long-dormant idea of federal rent subsidies for the ailing and aged. That proposal narrowly passed the Congress last year, but the eligibility regulations were so carelessly written by the HHFA that "hardship" cases with as much as $25,000 in net assets could have qualified for rent help. Congress refused to appropriate funds for it, and many people thought that Weaver had thereby destroyed his chances of becoming HUD Secretary. Weaver now airily dismisses it all as "purely a printer's slip...
...York City Mayor John Lindsay's aides outlined a proposal for a graduated city income tax that could come to about 50% as much as the state income tax. If adopted, the measure would mean that a man who earns a taxable net income of $15,000 in New York City would have to pay $417.50 to the city in addition to $835 to the state and $3,010 to the Federal Government-even if he lives in New Jersey or Connecticut. - Chicago School Board Member James W. Clement proposed a 1% city income tax to provide $115 million...