Word: exempts
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...other hand, he urged the Senate to relax the House provisions aimed at closing four other tax loopholes. For presently tax-exempt foundations, he proposed a 2% tax on investment income instead of the House's 7½% rate. He asked that the interest paid on municipal and state bonds remain taxfree; local officials insist that it would be extremely difficult to sell their bonds under House provisions that would make them partially taxable. Responding to protests by charitable institutions, Kennedy urged the Senate to drop House restrictions on the deductibility of certain donations...
Shaw the iconoclast was not exempt from the Victorian passion for theological speculation. "Mere agnosticism leads nowhere," he once wrote. "I hold as firmly as St. Thomas Aquinas that all truths, ancient or modern, are divinely inspired." Shaw believed in evolution, but was worried about the diverse effects of Darwinist thinking. He agreed, with Samuel Butler, that "by banishing purpose from natural history Darwin had banished mind from the universe." Shaw would have no part of a universe from which a first-rate mind (such as his own) was expelled...
There are those who question the religious character of Hargis' endeavors. In 1966, the Internal Revenue Service decided that his Christian Echoes Ministry Inc. (the legal name of the Christian Crusade) did too much lobbying to deserve its tax-exempt status as a "religious and educational" organization. Hargis is appealing the ruling, but meanwhile has given his benefactors an alternative avenue of giving by separately incorporating the Church of the Christian Crusade, which has several thousand members and is headquartered in the Crusade's modern, flat-topped "cathedral" in Tulsa. So that no one will mistake his intent...
...soldier. He was a bit unsteady out of the saddle, but there was conviction behind his "Let's get the Nips!" rallying cry. Part of it came from his disappointment at missing the action. He was too young for World War I. As father of four, he was draft-exempt during the second. Still, he treasured a notion of himself in officer's garb. "But I would have had to go in as a private," Wayne says. "I took a dim view of that." Nobody took a dim view of Wayne for staying out. In the '50s, General Douglas MacArthur...
Justice Department officials pointed out that the opinion did not exempt the bugs that the FBI has long planted, without judicial sanction, along Washington's Embassy Row. Anyone who phoned an embassy and was later accused of a crime, they argued, would now be entitled to force the Government to reveal such eavesdrops-even though they might involve delicate international affairs. In turning down the Government's motion for a new hearing, Justice Potter Stewart noted that the Court had ordered the release of records only when the eavesdropping violated the Fourth Amendment-and that...