Word: reaganism
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Dates: during 1960-1969
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Financial Fine Point. Democrat Unruh dismissed the plan as a "fraud" on the ground that all of the surplus?due partly to Reagan-imposed economies, partly to an inflationary increase in revenues?will be on hand at the end of the current fiscal year (June 30). Whether or not that should entitle taxpayers to collect it on this year's tax returns (filing deadline: April 15) may be a fine point of finance, but Unruh was the first to admit that it mattered a great deal politically. "He has no right," he objected, "to keep it in the state treasury...
...Ronnie Show was really a preview of California's gubernatorial elections, 20 months off. Reagan, who had previously hinted that he would be a candidate for a second term, sweetened his prospects on TV by informing Californians that his 1969-70 budget would yield them a onetime, across-the-board tax cut of 10%. It would come, conveniently, on next year's tax bill, for which Californians will be filing returns at just about the time Reagan's race would begin in earnest. Not to be outdone, Assembly Minority Leader Jesse Unruh, who seems likely to oppose the Governor, demanded...
...Reagan has been under intense pressure to provide some kind of tax relief since he pushed through a $1 billion 1967 tax increase?up 25% over the previous year?whose provisions hit middle-income brackets hardest. He claimed that the additional funds were necessary to pay for the prodigal spending of his predecessor, Pat Brown, but no amount of apologizing could gainsay the fact that he had run on a pledge to keep the cost of government down. Instead, it has gone steadily up; next year's spending will increase 3.9% to $6.2 billion (though the budget will be smaller...
Looking tanned and relaxed in the taped appearance, Reagan explained that all increases next year are "fully necessary" to cover increases in the population and inflation. Then, announcing the $100 million income tax reduction, he beamed proudly: "I believe we have started what we hope will be a new trend in government finances...
...bats for about three months, then let them go." When the late Jayne Mansfield tried to smuggle her two Chihuahuas into England, she won the sympathy of the pet-fancying British public by clutching the animals to her celebrated chest and proclaiming, "They appeal to my mother instinct." Ronald Reagan, finding that he was getting on badly with his mongrel, put himself and the dog through a $250 course of psychotherapy at a Beverly Hills ca nine funny farm...