Word: taxed
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Dates: during 1950-1959
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While the U.S. taxpayer goes through the $77 billion tax bite necessary to feed the new federal budget, he stands to be nibbled by piranha attacks of increased state taxes. Combined budgets of U.S. Governors as 46 legislatures convene this year*to consider fiscal matters: more than $17 billion, an increase over current expenditures of about $1 billion...
...York's Nelson Rockefeller has proposed more horse racing (betting is already taxed) by means of an extra race a day and five additional racing days a season. Texas, its oil producers already hilt-taxed, may tax natural-gas transmission companies as well. New Mexico may triple its severance tax on uranium; Nevada will collect one-fourth the state budget from legalized gambling; Florida taxes citrus growers and Maine its timber...
Nebraska has discovered with anticipation that it is the only state of the 25 allowing parimutuel betting that has neglected to tax the bets...
...Docking has been the only Governor to compile a budget lower than last year's. And New York's big-budget Republican Rockefeller (see New York) is sandwiched between Democratic Liberals Robert Meyner of New Jersey and Abraham Ribicoff of Connecticut, both with modest proposals and no tax increases...
...seven-year economic goals. Khrushchev was still trumpeting his familiar promises-80% more industrial output, 70% greater farm production, 62% more consumer-goods production-but, significantly, he omitted his 1970 target date for overtaking the U.S. He promised shorter hours, higher pay, a front door for every family, income tax repeal, "greatly reduced" police surveillance ("There are now no cases of people being made to stand trial for political crimes") -and he breezily explained that such "incentives" would make his goals possible...