Word: effecting
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Dates: during 1960-1969
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...Senate was, in effect, stampeded by an amendment proposed by Senator Albert Gore, who faces a tough election battle next year. By raising personal exemptions from $600 per person to $800, the Gore amendment would reduce taxes by 61% for a family of four earning $5,000 a year, by 27% for a family earning $7,500. Ignoring President Nixon's warning that Gore's proposals failed "the test of fiscal responsibility," the Senate last week passed them by a vote...
...Administration shared the blame for misjudging the political appeal of the Gore amendment. Illinois Republican Senator Charles Percy had proposed a compromise, raising exemptions more gradually and with far less inflationary effect. But he failed to win the support of the Administration. When the Senate spurned Percy's amendment, Minority Leader Hugh Scott angrily took to the floor to denounce political blundering by the Treasury and, implicitly, by the White House. "The Treasury," he said, "has gone down to a resounding and, I suppose, glorious defeat. I do hope that my Administration will listen the next time...
...hobby" farms, and the right to deduct the market value of donated stock or goods bought years ago at lower prices. To ensure that no one escapes taxes entirely, the bill requires that taxes be paid on at least 50% of all income. The Senate also blunted the effect of a presidential measure approved by the House: the repeal of the 7% tax credit that businessmen can claim on new equipment. The Administration wants to abolish the credit in order to slow down a capital-investment boom, but the Senate voted to exempt all equipment purchases under...
Although most of those spared in last week's drawing felt that the new system was fairer than the old, many found fault. "It's involuntary servitude," said Grossman. Those opposed to war are also worried about the lottery's effect on the protest movement. "People with high priority numbers seem resigned to go in," said Thulin, "and people who are free seem self-satisfied. Who's going to be left to criticize the draft...
Under heavy attack at Lushan for the shortcomings of the Great Leap, Mao acknowledged that he had taken sleeping pills three times for tension. He was ready to shoulder the blame for his catastrophic scheme of building backyard steel foundries. Citing Confucius' Analects to the effect that the man who initiates something evil will be severely punished by God, Mao revealed that he had been struck down by the very punishment prescribed by the sage-the loss of his sons. He disclosed that one of his two sons had died in battle (presumably in Korea) and the other...