Word: boost
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When Massachusetts' Democratic Governor Foster Furcolo requested a chance to speak to General Electric workers at Lynn last month in defense of his embattled proposal to boost the state sales tax, they deluged him with 200 unfriendly questions, such as: "When are you going to forget your giveaway programs?" "Why don't you do something to stop the disgraceful, wasteful spending of the taxpayers' dollars...
Goalkeeper. The U.S.'s block-that-tax-boost, hold-those-prices mood went far toward explaining Washington's most remarkable phenomenon of 1959: the triumph of President Eisenhower's balanced-budget goal, despite the spending plans that Democrats brought with them when Congress convened last January. Back then, with Democrats showing the flush of November victory and the economy still showing traces of pallor, some of the President's own advisers warned that a balanced budget would be out of keeping with the trend and temper of the times...
...deficit of $12.6 billion. Principal reason for the big red year: the now departed recession, which cut tax revenues by $6.2 billion, raised spending by $1.5 billion, for such antirecession programs as higher housing outlays and pump-priming public work projects. Other spending pressures: a $900 million post-Sputnik boost in defense, $1.4 billion turned over to the International Monetary Fund as of July 1 (but charged against the dying fiscal year), a $2.2 billion overbudget outlay for buying the bumper crops produced by the obsolete farm-subsidy program...
...Baby's Formula? Pushing for adoption of live-virus vaccine in the U.S. is Lederle Laboratories, which last week announced that it will boost its live-virus vaccine outlay to $8,000,000, build new production and testing facilities to produce annually 40 million oral doses of vaccine that offer immunity to the three types of polio viruses (TIME, March 16). Lederle has tested the live-virus vaccine on 700,000 people, is hopeful that current tests in South America and the U.S. will prove its effectiveness and safety. Said Lederle General Manager Lyman C. Duncan...
...high. Industrial output rose 22 percentage points over June 1958, to 154% of the 1947-49 averages. As consumers opened their purses, retail trade in the first six months jumped $7.5 billion to a new high of $102.5 billion. In the process, it gave a long-delayed boost to many an industry that earlier watched the parade of recovery go by. TV setmakers, for example, expected 1959 shipments to exceed 1958's 4.8 million by almost a million, as individual manufacturers' six-month sales gains ranged as high as 30% for Emerson. 50% for Sylvania...