Word: reagan
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Dates: during 1960-1969
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...keep the state moving ahead and at the same time in the black, Reagan proposed a budget of $5,047,000,000 and called for $946 million in increased taxes. The tax figure was deceptive, however, because a sizable chunk of it ($170 million) would go toward offsetting property taxes; on the average, homeowners would receive about 6.5% relief from property tax bills...
...raise the new revenues, Reagan proposed a 5% sales tax (up from 4%), increases in liquor taxes from $1.50 per gallon to $2.25, in cigarette taxes from 3? to 6½?, in personal income tax rates from a maximum of 7% to 10%, and in bank and corporate profits from a maximum of 9.5% to 10.5%. Actually, the new taxes were necessary mainly because the state was committed by former Governor Pat Brown to programs costing far more than current taxes are bringing in. If approved by the legislature, they will become effective July 1, and under the California constitution...
Though the action did little to raise the onetime actor's popularity rating, he at least knew how to recognize an exit cue. When his tax proposals were made public, Reagan managed a strategic retreat to the East, where he met with New York's Governor Nelson Rockefeller, breakfasted in Washington with Republican members of the House, and swapped quips with Bobby Kennedy at the Gridiron Club's annual hijinks...
...Reagan, 56, who spent three days in the capital, was exposed to the intense attention Washingtonians accord only to those whom they regard as potential presidential candidates-though he persistently denied any intent of running in 1968. At a crowded 30-minute press conference, Reagan handled himself with assurance and wit, gave his views on subjects ranging from Viet Nam ("full resources" should be used to support U.S. troops there) to whether Michigan's Governor George Romney should take a position on the war ("It sure would help him at press conferences"). Items...
...possible use of nuclear weapons in Viet Nam, conceding that he is not equipped to decide the issue, Reagan observed: "The last person in the world that should be told we won't use them is the enemy in Viet Nam. They ought to go to bed every night thinking we will...