Word: taxed
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Dates: during 1960-1969
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...ranking of urgent domestic priorities, dealing with inflation is clearly first. For the moment at least, it is more urgent than even the task of providing urban housing or filling other social needs. For that reason, probably the last thing the U.S. needs right now is a tax cut, however popular the idea. A cut would stimulate consumer spending, probably deny the Nixon Administration a budget surplus as a means of cooling off the economy, and throw the whole burden of combatting inflation onto a continued tight-money policy-to the distress of both home buyers and businessmen...
...last week the Senate passed a massive tax cut, the biggest since 1964, to take effect at the worst possible time for the economy. "A matchless performance in fiscal irresponsibility," declared the Administration's phrasemaker, Vice President Spiro Agnew, in a New Orleans speech. Many others agreed with him. Vermont's Senator George Aiken protested that "this Christmas tree is getting overloaded." Delaware's Senator John Williams, speaking with the objectivity of a politician who is retiring next year, blamed the "100 Santa Clauses" in the Senate. Added Williams: "When the American people get the bill, they...
Friedman also criticized Government involvement in higher education, the weaknesses of the tax structure, and the ineffectiveness of the welfare system. "Government spending on schooling is scandalous. It taxes low-income people to put upper and middle-income people through college," he said...
...Tax Reform...
Charles P. Whitlock, assistant to the President for Civic and Governmental Relations, foresees financial ruin if Greenberg's suit succeeds. "If Harvard lost its tax exemption, it would be broke within twenty years-literally bankrupt," he said...