Word: hellers
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...Heller, who sold both John F. Kennedy and Lyndon B. Johnson on the idea of a $12 billion tax cut, declared: "The economic evidence for restrictive steps is weighty." At a seminar in Detroit, Columbia's Dr. Arthur F. Burns, who was Dwight Eisenhower's top economic adviser, complained that the Government is making "excessive use of monetary weapons and insufficient use of fiscal tools," called for a "modest" tax hike "to cool down the economy." Of eleven experts who testified before a subcommittee of the Senate-House Joint Economic Committee, three urged a cutback in Government spending...
...that, look out." On the other hand, many Washington observers believe that the President will be forced to ask for more taxes in early Mayafter the pain of the April 15 income tax payment has partially subsided. In any event, most economists last week were in agreement with Walter Heller that "the fine mist of incipient inflation may be turning into light rain." It was time to break out the umbrella...
Chafee advised the immediate implementation of Walter W. Heller's plan. Which would allocate a percentage of Federal income tax to each state for its unrestricted use. He felt that a "lack of confidence in the States "on the part of the Federal government had contributed to the insufficient success of the President's War on Poverty, "a mess which is going to get worse...
...Federal Reserve Board's decision in December to raise the discount rate from 4 to 4 1/2 per cent, causing the cost of credit to rise moderately, Heller explained, as well as Congressional enactment of excise tax increases, have moderated the boom in the American economy to a certain extent...
...However, Heller contended that he has seen signs in the past three weeks that have prompted him to call for a temporary tax increase now instead of on a conditional basis in the future...