Word: yearly
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Dates: during 1970-1979
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...President William LaMothe of the Kellogg cereal company accused the commission of exhibiting "absence of fundamental fairness." Kentucky Senator Wendell Ford said that the agency had offended every businessman in his state. He noted that Louisville's Brown & Williamson Tobacco Corp., in answer to a subpoena, spent three years and $800,000 to ship the FTC 14,000 pounds of documents. Chicago-area Businessman Joseph Sugarman, the owner of a mail-order firm selling home computers and burglar alarms, took out half-page ads this month in papers around the country to cry: "The FTC is harassing small businesses...
...become the lightning rod of criticism against the FTC. An ebullient, Yale-trained lawyer with a crusader's rapid-fire zeal, Pertschuk has further raised the ire of both congressional leaders and business. Senator Ford accuses him of turning the agency from law enforcement to social planning. Last year a federal judge banned Pertschuk from all involvement in the children's television case, concluding that he had become too biased against the cereal companies. Other critics charged that Pertschuk was an intemperate, excessive regulator. In the past few months the chairman has softened his voice, and he even...
George Bush advocates a $20 billion tax cut in 1981. Teddy Kennedy thinks a pump-priming cut may be necessary in 1980, but is not yet sure. John Connally wants a crowd-pleasing $50 billion to $100 billion tax reduction spread over three to five years, while Howard Baker figures a four-year time frame is about right. Both Jerry Brown and Ronald Reagan would like lower taxes and a balanced budget (who wouldn't?), but want the cuts linked to a constitutional limit on the growth of federal spending...
Edward Kennedy: Though his advisers include Keynesian luminaries Walter Heller, Joseph Pechman and Arthur Okun, Kennedy is playing down his 17-year Senate record as a liberal Big Spender and emphasizing his economic "pragmatism." Last week Mobil's outspoken public affairs vice president, Herbert Schmertz, joined the Kennedy campaign staff as a top media adviser, even though Schmertz has repeatedly condemned the Senator's attacks on the oil industry. Kennedy supports the budget-paring efforts of Carter, but he fought this year to protect social spending programs from major cuts and co-sponsored legislation for such programs...
...knows how much his proposed National Health Insurance plan would cost; estimates range from $28 billion to $45 billion a year. For many years he urged Robin Hood-style tax "reform" and a closing of capital gains benefits, but he has not lately repeated that theme...