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...spending amendments that would have subtracted more than $1 billion from the total. The most costly proposals were finally killed in a Senate-House Conference (see The Congress), and the bill's major provisions survived, notably the restoration of excise taxes on phone calls and automobiles, and a speedup in the collection of corporate and personal income taxes...

Author: /time Magazine | Title: The Economy: Time to Touch the Brakes | 3/18/1966 | See Source »

Johnson has used several major devices to substantially increase the Government's income. One was a speedup in income tax payments, which obliges corporations to pay earlier in the year and raises the withholding rates for high-income individuals. This will add $3.6 billion to Government revenues for fiscal 1967, but absolutely nothing in future years. The budget also profited from the great coin shuffle, though the shuffle was not primarily intended to aid the budget. By putting less silver in its coins to alleviate the silver shortage, the Government expects to collect a windfall of $1.6 billion from...

Author: /time Magazine | Title: Essay: READING THE BUDGET FOR FUN & PROFIT | 2/18/1966 | See Source »

...major reason for the speedup is that the step-by-step procedure helps a teacher spot precisely what is puzzling a child-and the method frees her "to give such children help without holding up others. It also gives her a chance to cope with one of the most worrisome facts facing every elementary teacher: the broad range in mental age (at least four years in a typical first-grade class) among her students. But the real key to the program's success, in Sullivan's view, is that in his books "the kids were the authors...

Author: /time Magazine | Title: Teaching: Sound Over Sight in Reading | 1/28/1966 | See Source »

...Speedup. Of all new crime-fighting ideas, the most promising are those using computers for a quantum speedup in standard police procedures. The basic problem-information retrieval-became painfully clear to New York State police when they collared more than 75 alleged Mafia leaders at the famous Appalachia meeting of 1957. Since the suspects all refused to talk, the cops duly set out to assemble their records. As it turned out, one man alone was the subject of 200 separate police files, and the whole job took more than two years...

Author: /time Magazine | Title: The Law: To Catch a Thief | 7/30/1965 | See Source »

...banks received approval of the Board of Governors of the Federal Reserve System on Sept. 6, 1961, and publicly announced on Sept. 7 their intention to consummate the merger as of the close of business Friday, Sept. 8. There was no speedup...

Author: /time Magazine | Title: Letters: Apr. 2, 1965 | 4/2/1965 | See Source »

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