Word: surtaxing
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Dates: during 1960-1969
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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...
Nixon's cautious conduct of the surtax fight paid off early in the week, when the House on a 210-to-205 vote approved the Administration's bill to continue the levy for a year and repeal the 7% business investment tax credit. The vote appeared closer than the issue actually was; G.O.P. leaders had been assured by many members that their votes were Nixon's if the measure actually faced defeat on the floor. Minority Whip Leslie Arends marched Republicans in from the cloakroom by ones and twos until he had enough votes...
...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...