Word: reformation
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Dates: during 1960-1969
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...Senate. The delay has produced frustration on the part of Republicans, who have been pushing for passage of the Administration's key anti-inflation program, and satisfaction on the part of Democrats, who were determined to use the bill as a lever to bring about tax reform. The struggle has also caused confusion for employers, who have been puzzled about how much tax to withhold from paychecks, and uncertainty throughout the already troubled economy (see BUSINESS...
Last week this deadlock was broken by a sudden Senate compromise. As the House Ways and Means Committee completed work on a comprehensive tax-reform bill, the Senate approved a measure extending the surtax to December 31. Senate passage of the reform bill is expected by midautumn. If the reform measure does not pass, further extension of the surtax will be in jeopardy...
...compromise, which was expected to win House approval this week, prepares the way for consideration of tax-reform legislation. But action on reform may come slowly. Having already gone down the line for the unpopular surtax, the House Ways and Means Committee had made full extension a part of its tax-reform package. This means that Senate Republicans and Democrats may have some new deadlocks to break before tax reform becomes...
...organizers to mobilize the middle class. Among other things, Alinsky suggests that the Internal Revenue Service should issue cards to people with family incomes of less than $12,000 a year; holders of such cards would be exempted from paying sales taxes. Beyond that fetching if improbable idea, serious reform might include a doubling of the federal income tax's $600 ex emption per dependent. The states could help lower-income communities by easing the ruinous burden of local school taxes, replacing them with a graduated statewide tax that might equalize city and suburban allocations for schools and benefit...
...politics-first as president of the family's multimillion-dollar enterprises, then as ardent New Dealer. In 1936, he was appointed Assistant Secretary of the Navy and three years later assumed the full Cabinet post, in which he supervised the Navy's intensive shipbuilding program. Then, as reform-minded New Jersey Governor, he ran head-on into the corrupt political machine of Jersey City Mayor Frank Hague, touching off a series of battles that paved the way for the adoption of a new state constitution...