Word: taxing
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Dates: during 1960-1969
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Fourth, in too many Latin American countries the political process still favors the economically privileged. We must help Latin America increase the glacial pace of tax and land reforms and speed up the needed redistribution of social, political, and economic power...
...think it would be necessary to extend the application of the income tax surcharge...
Ending the tax surcharge depends primarily on the balance of supply and demand in the economy in 1969. If the pressures of inflation are still at work, part or all of the tax surcharge may have to be extended temporarily to maintain growth. On the other hand, if the war in Vietnam is over and the economy is slowing down, the tax surcharge should expire...
...will also have to take a hard look at our nation's critical civilian needs, especially in our cities. A temporary extension of part of the tax surcharge, clearly marked for those purposes, should not be ruled out. I would want to give the Congress and the public a clear-cut choice between quicker tax reduction and quicker action on the unrelenting problems of poverty, squalor, crime, and injustice in our cities...
...this analogy, Reuben is the free-spending U.S. consumer, who is apparently playing all too fast and loose. Despite a deliberate anti-inflation deal from Uncle Sam, who enacted the 10% tax surcharge in July, the consumer is buying even more than he did before. During the third quarter of the year, savings declined while consumer spending actually rose to 10% over the level of the same quarter last year...