Word: ribicoffs
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Casualties & Taxes. But the deeper concerns came out. Viet Nam remains the overriding worry. Most Americans seem resigned to the war; few are enthusiastic about it. Democratic Senator Abraham Ribicoff estimated that his Connecticut aviary contains "about 15% doves and as many hawks," with the rest "basically in agreement with the President's policy." Nebraska's Republican Senator Roman Hruska found impatience and anger over the "almost constantly increasing casualty lists," but discerned neither a desire to pull out nor a consensus for a quick victory at any cost...
...reminded his colleagues that "you're in a position to destroy me, and I'm aware of it. My life is at stake. I'm not asking much. All I want is a fair shake." For all his histrionics, only three Senators-Connecticut's Abraham Ribicoff, South Carolina's Strom Thurmond and Texas' John Tower-joined Long and Dodd in voting against censure...
...Ribicoff's plan would allow parents of college students to subtract a maximum of $325 from the income tax. The credit would amount to 75 per cent of the first $200 paid for an education, 25 per cent of the next $300, and 10 per cent of the next $1,000. The credits to very well-healed parents would be less -- reduced $1 for every $100 earned in excess of $25,000 a year. This means that anyone making more than $57,500 annually would be ineligible...
...this third argument which carries the most weight. Ribicoff's bill would have little or no effect on the poor; either they pay no taxes, or they cannot afford to send their children to college at all, or they depend on scholarships to do so. According to Ribicoff's own estimate, nearly a third of those affected by the tax credit would have incomes of more than $10,000 a year. His plan, for all its appeal to the glory of education for all, would add a regressive element to the tax structure...
...Senate last week passed the Ribicoff proposal, and a sub-committee of the House Education and Labor Committee is considering it now. The House should scrap the tax credit in favor of more federal scholarships and loans...