Word: repealer
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Dates: during 1960-1969
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Some tax breaks for businesses were also modified. The bill calls for a repeal of the 7% business investment tax credit, a reduction from 27½% to 22% of the oil depletion allowance, and increased taxes on high-bracket capital gains. The bill puts a 4% tax on the investment income of foundations-a compromise between a stiff House bill and a nominal Senate measure...
Wald said Nixon's- "or is it Mitchell's" -southern strategy "called upon the worst things in American life." Wald's "American strategy," on the other hand, "calls upon the best things in American life." His proposals included immediate withdrawal from Vietnam, repeal of the draft, better housing and schools and satisfaction of other human needs...
...value of donated stock or goods bought years ago at lower prices. To ensure that no one escapes taxes entirely, the bill requires that taxes be paid on at least 50% of all income. The Senate also blunted the effect of a presidential measure approved by the House: the repeal of the 7% tax credit that businessmen can claim on new equipment. The Administration wants to abolish the credit in order to slow down a capital-investment boom, but the Senate voted to exempt all equipment purchases under $20,000-an amendment that would cost $720 million...
Something of a Surprise. Last week the Nixon Administration moved to allay these fears and called for repeal of Title II of the Security Act, which provides for the camps. Kleindienst, who has emphatically denied the Atlantic quote, was chosen to announce the Administration's proposal. The decision was reached, he said, in hope that it "will allay the fears and suspicions-unfounded as they may be-of many of our citizens...
...doing away with Title II. Hawaii Democratic Senator Daniel K. Inouye, mindful that many Japanese-Americans were shunted off to camps during World War II, has led the attack. Until last week, however, Inouye's cause seemed hopeless. "I was under the impression that Justice was against repeal," he says. Others who directly suggested a repeal of the camp provision to Attorney General John Mitchell in recent weeks came away with the same impression. So the Nixon request was something of a surprise, but one likely to meet with the approval of both houses of Congress...