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...hottest economic debates this election year crackles round a measure that President Nixon has been conspicuously flirting with but has not yet openly embraced: the value-added tax. A kind of national sales tax that is imposed on most goods and services, VAT is a big revenue raiser in Europe. West Germany, for example, collects 25% of its government's money from it. By adopting VAT, the U.S. could ease its crushing problem of raising funds for urgent social needs from a revenue base that has been steadily diminished by income tax cuts...

Author: /time Magazine | Title: TAXES: The Simmering VAT | 2/28/1972 | See Source »

Died. Sinclair Weeks, 78, crack Republican fund raiser who became President Eisenhower's Commerce Secretary; of cerebral arteriosclerosis; in Concord, Mass. The son of a Boston financier, Weeks was a G.O.P. stalwart throughout the party's lean '30s and '40s and served as treasurer of the Republican National Committee during the war. In 1952 Weeks raised $6,000,000 for the campaign. As a Cabinet officer (1953-58), he was best known for his successful advocacy of the Administration's multibillion-dollar highway program and his support of U.S. investments abroad...

Author: /time Magazine | Title: Milestones, Feb. 21, 1972 | 2/21/1972 | See Source »

Last week Nixon appointed Peterson, 45, the Secretary of Commerce. He will succeed Maurice Stans, 63, a close confidant of Nixon's who is being assigned to repeat his effective 1968 performance as chief fund raiser for Nixon's election campaign...

Author: /time Magazine | Title: APPOINTMENTS: Supersalesman Arrives | 2/7/1972 | See Source »

Sears emphasized that the grant will not solve Sanctuary's financial problems. "All this means," she said, "is that we are funded until March instead of January." She said that the funds will enable them to hire a full-time community coordinator and another fund raiser...

Author: NO WRITER ATTRIBUTED | Title: Indiana Foundation Donates $52,000 To Sanctuary To Pay Staff Salaries | 12/13/1971 | See Source »

...late at night. He opens his speeches with familiar, self-deprecatory laugh lines, some of them borrowed from Bobby and Jack. "I'm awfully glad to be here today," he says, "especially since I am just a young Senator out to make a name for himself." At a fund raiser in St. Paul, he began: "I've often dreamed of addressing a major convention in a major city. But, unfortunately, this is the wrong convention in the wrong city and a year early...

Author: /time Magazine | Title: The Nation: The Non - Candidcacy of Edward Moore Kennedy | 11/29/1971 | See Source »

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