Word: senlis
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Dates: during 1960-1969
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...Senate rejected yesterday two proposals to grant tax exemptions to parents of college students. The first, introduced as an amendment to the Administration's tax bill by Sen. Abraham Ribicoff (D-Conn.), was defeated by a vote of 48-45, after tie votes...
...past there has been some debate about what form any tax relief should take. Dodd proposed an outright exemption of $1200, but Sen. Hubert Humphrey (D-Minn.) has been favoring a tax credit, which permits the parent to deduct a specified amount from his, tax bill. It is argued that credit will be of more assistance to persons of low income than the exemption...
Even though the Administration is openly hostile to the Ribicoff amendment, a spokesman for Sen. Humphrey said yesterday that Humphrey, the Senate Assistant Majority Leader, probably would vote for the bill...
Other liberal senators, reasoning as Sen. Eugene McCarthy (D-Minn.) did last year that the advantages of exemptions and credits could be given as profitably to parents as well as to business, may join Ribicoff and Humphrey on Tuesday...
While Republican leader Sen. Everett Dirksen (R-III.) is reportedly opposed, Republican opposition may not be unanimous. Conservatives, particularly Sens. Barry Goldwater (R-Ariz.) and Peter Dominick (R-Colo.), put similar, though more generous, bills in the hopper last session. These men have claimed tax credit is a "means for encouraging more effort at the private level" and therefore more healthy than direct Federal...