Word: taxed
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Dates: during 1950-1959
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...advantage by offering his balanced budget. If the Democrats fatten expenses with new appropriations -and Ike has already taken the trouble to hint that he will veto massive Democratic housing and airport legislation programs -they will be held accountable for the resulting deficit. The President has hinted at a tax cut next year if the line is held this year, and House Minority Leader Charlie Halleck has all but promised it; at a time when taxes are climbing at state and local levels, big-spending Democrats might be held responsible for knifing the cut. If the Democrats go along with...
...Historically speaking, the practical balance of powers among the five House rulers is explained by the fact that their jobs were once held by two men. For many years the Speaker was also chairman of the Rules Committee, and the chairman of Ways & Means (which handled appropriations along with tax bills). The majority leader was the other major figure -and he was generally the creature of the Speaker. This meant in effect that one man held all the reins of power...
ARKANSAS' WILBUR DAIGH MILLS, 49, is the youngest chairman in the history of the tax-writing Ways & Means Committee, co-protector with Appropriations of the House's constitutional power to originate all money bills. Son of a small-town banker. Mills lives in Kensett, which by legend got its name when natives told Missouri Pacific surveyors, trying to decide where to build a station: "You ken set it hyar or you ken set it thar." Since 1939 he has represented the hill-and-dale Second District, which also boasts such place names as Morning Sun, Evening Shade and Oil Trough...
...strong sense, Mills is Rayburn's right hand. As chairman of Ways & Means, Mills is responsible not only for tax writing, but for the program that Rayburn himself deems important above all others: reciprocal trade. This requires the most sensitive sort of judgment. Last year, for instance. Mills knew that a majority of his committee was willing to vote for reciprocal trade, then about to expire, as a permanent program. But he also knew that the House as a whole would not go that far and that if he tried for too much he might get nothing...
...FARE BOOST is approved by CAB. On flights due to start next week between New York and Los Angeles, American Airlines will charge $194 (counting tax) first class, v. $183 on piston planes. CAB is studying increases on tourist fares...