Word: pocketbooks
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Dates: during 1960-1969
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Even without Lyndon Johnson's proposed 10% tax surcharge, most citizens these days are already suffering from hemophilia of the pocketbook. Last year Americans paid $206.5 billion in all forms of taxes, with the Federal Government taking nearly 70%. Yet the state and local share of the take has more than doubled in the past decade, far exceeding the growth rate of Washington's proceeds...
...long as the special payments drain caused by Viet Nam continues-and the war effort should by no means be reduced for monetary reasons-the U.S. will have to take measures that will pinch almost everyone's pocketbook. The President spoke bravely last week, but now he has to show that he-and Congress-have the courage to back oratory with muscle. That means not merely trying to persuade tourists that the Tetons are prettier than the Alps or appealing to businessmen to put patriotism above profits, but enacting tough taxes and rigid rules to discourage travel and investments...
...Miniskirts may be cute on the campus and boisterous at the beach, but your cover article [Dec. 1] omits that spot where they are truly most appealing: the garment industry's pocketbook. What could be sweeter than taking an ordinary skirt, cutting it into three pieces, and then selling each piece for twice as much as the original...
...right now it is a lively subject of national debate and confusion. Practically everybody agrees that the federal budget is bloated, but practically nobody can agree on just where to cut. It is no exaggeration to say that the issue will profoundly affect elections, prices and everyone's pocketbook in 1968 and beyond...
...Larger Sense. Devaluation may enable Britain to boost its exports (notably autos, appliances and aircraft) enough to erase a quarter of its trade deficit, but it will hit the pocketbook of every Briton. Grocers warned that food prices will rise at least 5%, starting with imported fruit, meat and vegetables. The cost of living normally jumps when food-importing Britain devalues. This time the price increases seem likely to touch off a new round of wage demands that Prime Minister Wilson, no longer armed with pay-freeze powers, will have trouble restraining. Promising that his complex web of economic restrictions...