Word: plumley
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Dates: during 1960-1969
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...federal taxes have been largely responsible for the sluggishness of U.S. economic growth in recent years. Among last week's voices calling for prompt and hefty tax cuts to stimulate economic growth were Hubert H. Humphrey, one of the Senate's most conspicuous liberals, and H. Ladd Plumley, president of the U.S. Chamber of Commerce. Implicit in the consensus on taxes is a recognition by liberals that Government expenditures cannot create sustainable prosperity, that individual incentives perform indispensable economic functions. President Kennedy has made that recognition explicit. Present tax rates, he said recently, "are so high...
Across the U.S., there are businessmen prepared to argue that the much-prophesied "1963 recession'' is already over even before 1963 arrives. Speaking in Washington, U.S. Chamber of Commerce President H. Ladd Plumley said: "One could almost say that we did, indeed, have a recession and are on the way to recovery." In New York, G.E. Chairman Ralph Cordiner sounded much the same note: "There has been quite a significant change in the economy . . . There's more resiliency...
...conservative U.S. Chamber of Commerce called for an immediate tax cut, even if it meant a budget deficit in the coming year-which it certainly would. Said Chamber President H. Ladd Plumley: "It's worth the cost." Less surprisingly, the Chamber wanted the cuts concentrated on corporations and upper-bracket individuals, because it believes that encouraging investment in plant and equipment is more important to economic growth right now than spurring consumer spending. Estimated cost of the Chamber cut: $7 billion to $10 billion...
...Although Byrd is considered old shoe by the New Frontier, he has for almost 30 years kept a discerning eye on the Government's fiscal policies-and knows a bit about such matters. His remarks reflect a general edginess about the Administration's fiscal policies. H. Ladd Plumley, new president of the U.S. Chamber of Commerce, last week expressed the feeling that the Kennedy Administration was really trying to get along with business...