Word: taxing
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Dates: during 1960-1969
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...TAX SURCHARGE. The chairman sees no escape from continuing the levy. If Lyndon Johnson and Richard Nixon had not agreed in January to extend the 10% income tax surcharge beyond June 30, said Mills, "President Nixon would have had, within 30 days of taking office, a very intolerable situation. We possibly could have been back even further than we were in the fall of 1967, when people began to doubt our dollar, when people began to wonder whether or not we were being good stewards of our trust. Had its extension not been recommended, in my opinion, you would have...
SHORT-TERM TAX CHANGES...
...against the idea that the President should have discretionary power to adjust tax rates in order to deflate or reflate the economy over short periods. "In the first place, people are entitled to be heard when taxes are to be increased. I don't know any place in the White House where the President could have a hearing room big enough to hear those who would want to discuss increases in taxes. But the main thing in my mind is that I just don't feel that taxes can be raised and lowered, season by season, or that...
Washington is certainly, if belatedly, making the effort-and that effort is beginning to pinch the public. The 10% tax surcharge shows signs of reducing some consumer demands; retail sales have rolled along on a plateau since last fall. The federal budget is expected to shift from last year's deficit of $25 billion to a small surplus in fiscal 1969, resulting in far less Government-generated economic demand. Meanwhile, the Federal Reserve Board has moved to tighten the money supply. After growing at an annual rate of more than 7% in late 1968, the supply rose...
...easing of minimum wage laws to encourage employment of marginal workers. Ultimately, the best way of reconciling price stability with high employment is to increase labor productivity by means of expanded job training among the semiskilled and the unskilled. Thus Nixon's proposal for giving private enterprise tax incentives for ghetto job training could combat inflation at the same time that it helps serve other social needs...