Word: next
(lookup in dictionary)
(lookup stats)
Dates: during 1960-1969
Sort By: most recent first
(reverse)
...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'll be laboring for years...
Failed Test. Unless the Senate bill is drastically revised in a House-Senate conference, it will provide a tax cut for individual taxpayers of $4 billion next year, minus whatever new revenue comes from tax reforms. Among other Christmas tree ornaments: a 15% boost in Social Security benefits, half again the amount the Administration had approved and without any increase in rates, plus new minimum monthly payments of $100 for single persons and $150 for couples. The new minimums, up from an intolerably low $55 and $82.50, would be paid by deductions from earnings up to $12,000 a year...
...Senate was, in effect, stampeded by an amendment proposed by Senator Albert Gore, who faces a tough election battle next year. By raising personal exemptions from $600 per 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...
...amendment, Minority Leader Hugh Scott angrily took to the floor to denounce political blundering by the Treasury and, implicitly, by the White House. "The Treasury," he said, "has gone down to a resounding and, I suppose, glorious defeat. I do hope that my Administration will listen the next time we try to advise them that legislatively we understand more about tactics and strategy than they...
Congressional leaders are convinced that they can easily pass the tax cut by the two-thirds majority required to override any presidential veto. As a further complication, the bill contains an extension to next July 1 of the 5% surcharge that Nixon has requested as an 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...