Word: taxes
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Dates: during 1960-1969
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...finally worked out, the bill was far more sober than the free-spending "Christmas tree" measure conjured up by the Senate, with its $800 personal tax exemption. While it is more inflationary than President Nixon would like, the bill does postpone most of the giveaway provisions for two years, the period that Nixon considers crucial in the fight against inflation. Nixon is thus expected to accept the compromise...
Less than a week after Attorney General John Mitchell had promised "a massive indictment" of New Jersey public officials, Addonizio and nine present or former Newark city officeholders were charged by a federal grand jury with extortion and income tax violations. The ten officials plus five other men, including a reputed Mafia member named Anthony ("Tony Boy") Boiardo, were indicted for extorting $253,500 from Constrad, Inc., an engineering firm that did business with the city. The charge carries penalties of $10,000 and 20 years in prison. The 15 were also accused of failing to report their payoffs, ranging...
Every British jobholder pays a weekly N.H.S. tax of 46? per man, 38? per woman and 26? per child. The added expense of private coverage, a minimum of $58 a year for a family of three to a top of about $166, once made it accessible to only a small minority. No longer. Roughly 70% of Provident's recent business has come from company group policies. Once limited to top executives, these policies are being extended to more and more employees...
...annual rate. Arthur Burns, who will become chairman of the Federal Reserve Board on Feb. 2, conceded to a Senate committee that the U.S. faces a "danger" of recession. He spoke cautiously of a relaxation of the board's credit squeeze-if Congress passes a noninflationary tax bill and President Nixon can keep the fiscal 1971 budget in balance. Despite those enormous hedges, his comments marked a considerable change in tone from his October statement that the Nixon Administration "will not budge" from restrictive policies. The stock market reacted -perhaps overreacted-by scoring its strongest rally in eight months...
...Congress enacts President Kennedy's $11.5 billion tax cut, a victory for Keynesian economic policy...