Word: taxing
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Dates: during 1960-1969
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Both men are right, of course. But neither tells the whole story. Tax money, business investment, increased concern on the part of the churches, a neighborly commitment from the suburbs-all are needed if the cities are to be saved and if the Negro is to become a full and competitive member of American society. Yet as April turned toward May, TIME correspondents across the country did detect a shifting of priorities. With Americans in all age groups and at all levels of society re-examining the values they had held dear so long, Viet Nam has receded as their...
Virtually every leading economist-along with the business and banking communities and Government fiscal experts-believes that a general tax rise is mandatory if the U.S. is to escape what might be a runaway boom (see BUSINESS). The gross national product grew at a frenetic $20 billion pace during the first quarter, while consumer prices soared at the rate of at least 4% a year-faster than at any other period since the Korean War year...
...Marshall Plan the political institution of the nation state--through its power to tax--helped to translate profits from industry into needed social services. In the American city the tax power is severely limited. A new democratically controlled institution, the Community Corporation -- which administers neighborhood services and owns some neighborhood industry--is needed to fulfill the same function and to respond to the local community as no centralized nation state...
...into politics could be short-circuited--in part at least. For a program which met the needs of both the black and white communities, and involved loans, self-help, and very few hand-outs, could be the basis of a new politics--a politics which did not have to tax one group to give hand-outs to another--and a politics which could take a long step towards the political reconstruction of the ideal of community and cooperation...
...referring to the $150 million debt to bond-holders that the MBTA says necessitates the fare hike. The MBTA has paid $80 million on tax free interest to bond-holders, which are primarily large Boston companies...