Word: repeals
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...does little to limit the American war effort. After announcing a cut-back in draft calls for the rest of the year, Administration officials admitted that 1969's call of 290,400 will lag only 5,600 behind last year's. A Washington study group, the National Council to Repeal the Draft suggests that the Administration may have inflated the summer calls to compensate for the fall cut-back...
...enacting a law permitting émigrés living in the U.S. to vote by mail; that measure ensured the support of the many San Marinese who had grown relatively prosperous-and thus relatively conservative -on American soil.* Three years ago, however, a Communist coalition managed to repeal the law. With the opposition stripped of its U.S. mail-order vote, the Communists were hopeful of regaining the power they had enjoyed for twelve years after World...
Nixon's cautious conduct of the surtax fight paid off early in the week, when the House on a 210-to-205 vote approved the Administration's bill to continue the levy for a year and repeal the 7% business investment tax credit. The vote appeared closer than the issue actually was; G.O.P. leaders had been assured by many members that their votes were Nixon's if the measure actually faced defeat on the floor. Minority Whip Leslie Arends marched Republicans in from the cloakroom by ones and twos until he had enough votes...
...first quarter of this year, planned spending dipped by 2½ % and in some industries by as much as 10%. Gainsbrugh believes that the long boom in capital spending will level off through the year, as businessmen face up to a squeeze on profits and repeal of the 7% investment tax credit, and that by early 1970 such outlays may begin to contract. There is a rather general belief that the economy as a whole may slow down more quickly. President Nixon last week predicted that the restraining effects of the surtax extension would begin to appear "within a matter...
...commission rates that member brokers charge to stock traders are under attack by the Justice Department, the Securities and Exchange Commission and institutional investors. All of them contend that the cuts made in some rates last December did not go far enough. Finally, some member firms are clamoring for repeal of an exchange rule that prevents them from raising needed capital by selling their own stock to the public...