Word: slash
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Dates: during 1960-1969
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...could slash prices and still be in the black. But that would drive Ford, Chrysler and American Motors to the wall-and bring down the trustbusters. On the other side, Detroit insiders buzzed last week that Donner was worried that Congress might investigate G.M.'s profits if his company followed Chrysler and raised prices...
That was putting it mildly. In autocratic Otto's years as lord high executioner of foreign aid bills, the chairman of his parent committee had been Missouri's curmudgeonly Clarence Cannon, another handout hater, who gave Passman a free hand to slash as he saw fit. But when Cannon died last year, the House Appropriations chairmanship went to Texas' George Mahon, a middle-of-the-road Democrat, who set about taming the Tartar. Though he let Passman stay on as chairman of the subcommittee, he pared it from eleven to nine members, most of whom favor foreign...
...this Government to tie its hands under these circumstances." House Republican leaders, who had obviously overlooked such an eventuality, canceled plans to sponsor an amendment-though Ohio Republican Frank Bow offered a maverick restriction of his own, only to have it shouted down along with a proposed dollar slash that was part of the same motion...
Signs of Sag. The underlying irony in the current cutback campaign is that only last June the President's experts saw serious signs of sag in the economy, persuaded him to engineer a $3.4 billion excise tax cut and to hint at another slash in income taxes aimed at stimulating business activity next year. Now, by contrast, some officials are beginning to talk guardedly of a tax increase in 1966 if Viet Nam gets much more expensive. Thus far, the talk is muted, for no Administration likes to contemplate tax boosts in an election year...
...several other big stores said that they would make tax refunds on big appliances bought between now and July 1, even if Congress does not make the cuts retroactive. Said Chicago Discounter Sol Polk, who will go even further and cut prices immediately by the amount of the excise slash: "Business has been good. Now it can be really good...