Word: pumpings
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Dates: during 1960-1969
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...individual income taxes. Johnson argues that the added tax will not be recessionary because it will be counteracted by an increase in Social Security benefits-an average 20% if he has his way, 8% if the G.O.P. suggestion is adopted. The higher benefits, he said last week, will pump more than $4 billion into the economy, mostly through lower-income groups. Simultaneously, he added, the 6% tax will "take from those making above $10,000 a little over $4 billion. So it kind of bal ances...
...five years ago, three vandals broke in and tore the place apart, smashing windows and yanking down chandeliers. It will take more than a year to renovate the shambles and install a few modern conveniences Mrs. Lemnitzer is likely to ask for. Unless, of course, she prefers to pump her own water in the kitchen...
...agreed that a tax boost was in order. Some non-Administration economists argued that the crimp on income could brake the business slowdown to the danger point. But Johnson also asked for an average 20% rise in Social Security benefits. It was an unexpectedly large increase that will pump some $4.1 billion into the economy and may in fact bring enough new money into the market place to offset the drain of new taxes. Politically, a fresh rush of taxes into the Treasury should give Johnson some maneuvering room with the 90th Congress when it comes time to debate Great...
...Mohave furnaces will gobble up the equivalent of two 100-car trains of coal each day when they begin operating in 1970. Peabody will mine the coal in the Black Mesa area of northern Arizona, crush and convert it to slurry by adding water, pump it to the Mohave plant by way of a 275-mile coal pipeline (the longest of its kind in the world...
...which is 49% owned by Cleveland's Hanna Mining, was granted the right to mine and export iron ore and eventually to manufacture steel, an ambitious $600 million enterprise. The two new projects were only the latest in a spate of similar announcements. Phil lips Petroleum plans to pump in some $60 million, starting with a new fertilizer plant for which ground has already been broken. Union Carbide will expand its operations to the tune of $62,300,000. International Harvester has not only reopened; it is also spending $30 million to expand its truck line and build...