Word: speedups
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Dates: during 1960-1969
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Businessmen naturally find no fault with the Administration's proposal to reduce corporate taxes from 52% to 47% over three years. They are concerned by the effort to link the cut with a speedup of tax payments by corporations, so that the Treasury can collect all its taxes in the year they are earned. The speedup will make federal budgeting easier and give Government economists a quicker and more dependable reading of the economy. But its immediate effect on major companies, which pay 80% of all corporate taxes, will be a heavier tax burden...
...corporations, Kennedy proposed to drop the tax rate from the present 52% to 47%-a cut of another $2.6 billion. This tax saving would at first be partially offset by a speedup Kennedy proposed in the scheduling of corporate tax payments...
...Minuteman has arrived a year ahead of its original schedule, speeded by Air Force decisions in 1959, when there were widespread charges that an unfavorable missile gap did indeed exist. Although the speedup seemed "absolutely impossible" to Air Force brass, it was accomplished mainly by the drive, patience, and, as one colleague puts it, the "damn genius" of Brigadier General Sam Phillips, Minuteman program director and, at 41, one of the youngest generals in the Air Force...
...Alone. The Government spent $1.2 billion more than it expected to-on such matters as U.N. bonds, the Cuban crisis, and a speedup in the public works program. But that sum would hardly have been noticed if other expectations had worked out. The Government lost $5.3 billion in corporate taxes that it had counted on, about $1.8 billion in individual income taxes, and some $500 million in capital gains taxes, held down by the sagging stock market...
...boys) Deerfield has the last of the strong headmasters, shaping a school in his own image: Frank L. Boyden, 83. He runs the school without speedup courses or language labs, does not publish a catalogue or even a rule book. The "Little Fellow" (5 ft. 6 in.) calls himself "a country sort of person who likes boys," is famous for second chances: "If a boy needs to be expelled, he needs even more to stay here." Even bigger (630) Lawrenceville, in New Jersey, tackles size with a house system that keeps same-age students together for eating, sleeping, studying. Tuition...