Word: surtax
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Dates: during 1960-1969
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...point. July will be the low month." Most businessmen agree that earnings should improve slightly, but there is bound to be cost cutting and perhaps price increases to help. The Government, they maintain, could help out too. Strong feeling is developing against the President's proposed surtax of 6% or higher on earnings, on the grounds that this is no time to take another bite where the fare has thinned...
...President for domestic reasons, but he was also unpersuaded that it was essential to our effort in Viet Nam. It would have required mobilization of some reserves, and that would have been extremely expensive. Momentarily, the President is expected to renew his January request for a 6% surtax on personal and corporate income taxes, in hopes of whittling down the big budgetary deficit anticipated for the current fiscal year. Calling up the Reserves could have forced him to peg the surtax closer...
...crusade is that Watney-Mann's 1966 performance was small beer: profits slipped by $2.4 million, to $20.2 million. The government's severe deflationary measures did much of the damage. Among other things, Britain's brewers were hit from one side with a 10% surtax on the retail price of their beer, which has already been taxed at about...
Most economists, businessmen and congressional experts expressed only varying degrees of doubt last January when Gardner Ackley and the Council of Economic Advisers peered at their G.N.P. projections and predicted that the economy would heat up again so much by mid-1967 that a deflationary 6% surtax on personal and corporate income taxes would be necessary. At that time, with many economic indicators turning downward, there seemed to be little reason for such a forecast. Last week, however, Ackley & Co. had visible evidence to support their vision...
Retailers especially hope that the return of warm weather may finally bring out shoppers who have been staying away from stores. To woo them even more, Washington economists believe that Lyndon Johnson may well forgo the 6% surtax on personal-income taxes that was supposed to take effect on July...