Word: taxed
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Dates: during 1950-1959
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...fewer than 64 crossbreeds of humans, is less worrisome than that in the U.S. South; Hawaii's intensely loyal 185,000 Japanese sent thousands of their sons to war after Pearl Harbor, and they won a proud record. Bolstered by a high literacy rate, steady solvency (U.S. tax revenues for fiscal 1958: $166 million), a dedicated interest in government (average turnout at the polls: 90% v. 60% mainland presidential peak), the fabled land of polysyllabic kings, brown-skinned women and languorous beauty-supercharged with its brilliant mosaic of cultures-has now opened the door on a new epoch...
...Soapy" Williams (Mennen powder, shaving cream, etc.) arose partly because welfare legislation passed at his urging gobbles up a lot of revenue. But the immediate cause of the state's crisis is the recession. With Michigan hard hit by unemployment, especially in automaking Detroit, the 3% state sales tax brought in $43 million less than Soapy had counted on, and at the same time the state had to increase its total outlays for relief...
...Democrats whether the idea of a welfare state is completely responsible for Michigan's dilemma. Highly industrialized and dependent on the auto industry, the state was very hard hit by the recession, and unemployment has ranged between twelve and fifteen per cent of the working force. With employment off, tax revenues dropped--the sales tax income went from $323 million to $296 million--but the expenses rose. As communities exhausted their unemployment funds, for example, the state took over...
Dismaying, of course; symbolic too. The move was calculated and premeditated, yet still drastic. While the clock cannot be turned back, perhaps, it need not be set ahead so suddenly. A ten-cent minimum would tax the non-coffee drinking philosophers. But 15 cents goes too far; the Bick is, after all, a place for radical talking but moderate deeds...
Though the Treasury has long opposed such cuts, it is beginning to heed the rising chorus from businessmen that a tax slash would actually benefit the budget by reducing the need for foreign aid. Last week the Treasury was actively considering some tax concessions to spur foreign investment...