Word: nonprofit
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Dates: during 1960-1969
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...margin of 232 to 171, the House froze new commitments to a pet Administration scheme to subsidize the rents of poor families in privately owned, nonprofit housing projects. The White House had requested $40 million for fiscal 1968, saw that figure cut to $10 million by the Appropriations Committee and then to zero on the House floor. The Republican-led opposition came close to garroting the model-cities program as well. President Johnson had requested $662 million for his showcase exercise in creative federalism, which is aimed at encouraging cities to draw up their own plans for the rehabilitation...
Before the Government taxes the public into depression with added taxes, surtaxes and higher taxes, these profiteering nonprofit organizations should be made to pay their share of taxes the same as any other business-which is what churches have become...
Percy's plan-a major plank in his 1966 Senate campaign-calls for the establishment by the Federal Government of a nationwide, nonprofit, private housing federation that would buy and rebuild slum dwellings, then sell them to low-income families on a unit-by-unit basis, thus giving the man in the slum a stake in his own neighborhood. Working from a base of a threeyear, $60 million Government outlay and $2 billion in federal debenture bonds, the plan would ultimately generate up to $1.3 billion in rehabilitated housing...
...demand-the Caravelle jet and the Alouette helicopter. But Héreil had almost no aides capable of coping with the global market. "It was really difficult," he says, "to find executives who understood how to deal with people from other countries." Out of that experience has grown a nonprofit business school with the novel purpose of training rising managers of international companies in how to avoid money-losing blunders in foreign lands...
...years, taxpaying publications have protested the tax-free status of competitors published by educational and other nonprofit organizations. The National Geographic, for example. Or Nation's Business, put out by the U.S. Chamber of Commerce. These magazines, operating with what was in effect a subsidy, could offer lower advertising rates. The Geographic argued that its rates were in line with other magazines, but last week the Internal Revenue Service ruled that equity, not rates, was the heart of the matter. After years of pondering, it decided that the tax exemptions should be ended...