Word: tariff
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...phrases that any Republican President might have used, Kennedy couched his plea for tariff cuts in terms of their advantage to U.S. business, urged more loans instead of outright grants for foreign aid, proposed a welfare program stressing "rehabilitation instead of relief," and even, in his controversial plan for medical care for the aged, proposed a pay-as-you-go insurance plan rather than any program of outright aid. He promised to send a new farm program to Congress, but it was strange to hear a Democratic President speak matter-of-factly of the possibility of "a national scandal...
...Cabinet. "I find my job extremely exciting," he says. "The President has given me complete freedom in running the department. In the next year, more than half of the President's program will be in health, education and welfare-just about the entire domestic program except for the tariff question." But in fact Vote Getter Ribicoff can hardly wait to return to the business of getting votes...
Push for Change. The 1957 Treaty of Rome, which established the Common Market, provided for gradual tariff reductions, and industry quickly adjusted to the newly freed competition. Some inefficient mines and marginal businesses had to shut down, but the Common Market created so much new prosperity that such dislocations were rare...
Haberler emphasized that Kennedy has a right to expect large concessions from the Common Market. The import duties of the Common Market are generally higher than the United States' tariff rates...
Smithies noted that the 20 per cent tariff reduction agreed upon this week with the Common Market is the extent of Kennedy's tariff-cutting power under existing laws. Congress can set new limits to the President's tariff-negotiating powers by modifying the Reciprocal Trade Act which expires this year...