Word: surtaxable
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...Ideology of Fed-Upness" [June 27] should sound a warning to our political leaders, especially those who can influence U.S. policy on taxation. Continuing the surtax and increasing sales taxes is very like the medical practice of bleeding the sick in George Washington's day. When our body politic is sick from war and urban blight, we bleed the middle-class that is its life force, while privilege and "the caissons go rolling along...
...Surtax Extension...
...reversed. The latest readings of the consumer price index and the leading indicators suggest that what the Federal Reserve and the Nixon Administration have done so far is right. Now the Administration can demonstrate political courage by continuing on course, and Congress can do the same by maintaining the surtax...
...individuals would be wiuirg to reduce any Government spending that reaches their own pocketbooks. Surprisingly, those polled favored wage-and-price controls by 50% to 26%; practically every economist has damned such controls as unworkable. By a big margin, the respondents also want to do away with the surtax and tight money, though economists on all sides believe that those measures are needed...
...profits and repeal of the 7% investment tax credit, and that by early 1970 such outlays may begin to contract. There is a rather general belief that the economy as a whole may slow down more quickly. President Nixon last week predicted that the restraining effects of the surtax extension would begin to appear "within a matter of two to three months...