Word: hike
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...Kennedy Administration's King-Anderson bill, through a hike in payroll taxes, would pay most hospital costs for 14 million old people under social security or railroad retirement plans, but fails to provide for 2,000,000 not thus covered...
According to your article on J. D. Salinger, "only a small group of friends has ever been inside his hilltop house." I must be privileged, then, because a few years ago when our youth group went on a hike, after asking for some water, we were taken into their kitchen and given cookies and something to drink. If we were able to walk through their gate, it seems quite impossible to think that neighbors had to climb the fence to see Mr. Salinger's home...
...desperation maneuver by pressmen of John S. Knight's Miami paper, the Herald (circ. 336,211). When the pressmen's contract expired earlier this summer. Knight coldly pointed to their high overtime record (an average $8,700 a month since January), proposed a modest pay hike if the pressmen would agree to shave the overtime. When the pressmen walked out on Aug. 1, Knight was ready for them: he sent in an emergency press crew, and the Herald never missed an issue...
Last week Kennedy's Treasury Secretary Douglas Dillon all but rubbed out the smudge in a "Dear Wilbur" letter to House Ways and Means Chairman Wilbur Mills of Arkansas. Even with Kennedy's new $3.5 billion more for defense, no tax hike will be needed, said Dillon, because the economy will grow so fast that present rates and expanded spending will yield sufficient income to support a bigger budget. But Dillon left himself an out. All this will not come to pass, he indicated, if there is "a further worsening of the international situation" and defense expenditures require...
...Lights. Seldom had John Kennedy worked so hard on a speech. His favorite speechwriter, Presidential Assistant Ted Sorensen, produced four drafts, each including a number of alternative demands that Kennedy eventually put aside. Until the day before he spoke, the President had planned to ask for a tax hike, rather than let the budget deficit rise higher. But Budget Director David Bell, Economic Adviser Walter Heller and Treasury Secretary Douglas Dillon argued that the economy was strong enough to stand the added debt, and that new taxes might well slow the recovery from last winter's recession. Kennedy finally...