Word: taxing
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Dates: during 1960-1969
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...Clinton Anderson of New Mexico, a liberal on most issues, nominated Long. Anderson sits on the Senate Finance Committee, which handles tax legislation and is chaired by Long. At 73, Anderson had little to gain by a Kennedy victory and was loath to risk his chairman's displeasure...
...overall Johnson budget for the fiscal year beginning July1 will total about $192 billion, up $7.6 billion over the current year. This presumes a halving of the income tax surcharge to 5%, a proposal that Richard Nixon is understood to have accepted, if somewhat reluctantly. This would allow for funding urban programs at roughly their current levels-again dissatisfying to both liberals and conservatives. It would, however, permit an increase in the military budget of $4.9 billion (to $78.5 billion), which is less than the service chiefs and their partisans on Capitol Hill want. House Armed Services Chairman Mendel Rivers...
...that analysts dubbed the mini-recession of 1967. Since January 1967, the money supply has increased at a 9.9% annual rate, and Friedman blames today's inflation primarily on that fact. Last year he correctly predicted that, in the absence of restraint on money supply, the 10% income tax surcharge would fail to rein in the economy appreciably during 1968. Rather belatedly (and too recently to show in quarterly figures), the Federal Reserve has sharply reduced the rate of increase in money. As a result, the economy shows some signs that it is about to slow down...
...real growth of 12%, the highest of any developed nation. Then the syndicate will sell its shares to the public, mainly in Europe, but not in the U.S. or Canada. In those countries, the partners figure, it would not be worth struggling through a maze of taxes, notably the U.S.'s interest-equalization tax, which obliges Americans to pay an 18¾ premium for foreign securities...
...data. If he is thinking of buying bonds, Dynabank will quote prices and yields of issues. If he wants to sell, the computer can tell him the market value of his own bank's portfolio. Dynabank advises what investment shifts to make, depending on the bank's tax situation, assets, liabilities and flow of business. Should the bank experience an unexpected drop in deposits, the computer can recommend steps to tide it over...