Word: hike
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...increase, which the Administration hopes to get, would put revenue at about $77 billion, as against spending plans pared to about $78 billion (including a defense budget just about firmed at $41.5 billion). Still under consideration: requests for a 1½? increase in the federal gasoline tax and a hike in the aviation gas tax. If the budget could be brought into balance, President Eisenhower would achieve what seems to be his fondest domestic hope...
...pilots (65 in the air instead of the present 85 a month), fatter retirement benefits, increased meal and overnight room allowances. The big item is pay. The average DC-7 captain gets $19,221 a year: American is offering $22,743 to fly turboprop Electras and a 44% hike to $27,650 annually for 707 jets. The Air Line Pilots Association has yet to make a firm counteroffer, except that the talk starts at $36,000. Both sides are so far apart that a meeting scheduled to be held last week never came off because President Sayen insisted on meeting...
This proposal to hike charges has been advanced by Seymour E. Harris '20, chairman of the Department of Economics. Harris believes that tuitions should be doubled immediately, and the cost spread over a 20 to 40 year period through long-term loans...
...fight was over the I.A.M.'s demand for a new contract containing a fat pay boost. T.W.A. mechanics originally demanded a 49?-per-hour pay hike on a one-year contract, plus changes in T.W.A.'s seniority and supervisory rules. A month ago T.W.A. countered with an offer of 40? per hour over a three-year period, later boosted it to 41? per hour, the level at which the I.A.M. recently settled with Northwest Airlines. But it was not enough for the mechanics. Snapped T.W.A. President Charles Thomas: "The company withdraws the offers it has made...
...going to have a pretty rough time trying to avoid" a military outlay hike in the fiscal year starting July 1, McElroy said...