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The Revenue and Expenditure Control Act of 1968 is a United States law that created a temporary 10 percent income tax surcharge for both individuals and corporations through June 30, 1969, to help pay for the Vietnam War. It also delayed a scheduled reduction in the telephone and automobile excise tax, causing them to end in 1973 instead of ...
President Nixon delivering a speech in 1969 around the time the Family Assistance Plan was introduced. The Family Assistance Plan (FAP) was a welfare program introduced by President Richard Nixon in August 1969, which aimed to implement a negative income tax for households with working parents.
The Economic Stabilization Act of 1970 (Title II of Pub. L. 91–379, 84 Stat. 799, enacted August 15, 1970, [2] formerly codified at 12 U.S.C. § 1904) was a United States law that authorized the President to stabilize prices, rents, wages, salaries, interest rates, dividends and similar transfers [3] as part of a general program of price controls within the American domestic goods and labor ...
The Tax Foundation recently pegged the proceeds of the 10% tariffs at $300 billion a year. A populist tactic The 1971 episode with Nixon is also evidence of the power of the idea of a tariff to ...
The Tax Reform Act of 1969 (Pub. L. 91–172) was a United States federal tax law signed by President Richard Nixon on December 30, 1969.Its largest impact was creating the Alternative Minimum Tax, which was intended to tax high-income earners who had previously avoided incurring tax liability due to various exemptions and deductions.
The Nixon shock was the effect of a series of economic measures, including wage and price freezes, surcharges on imports, and the unilateral cancellation of the direct international convertibility of the United States dollar to gold, taken by United States president Richard Nixon on 15 August 1971 in response to increasing inflation. [1] [2]
The Checkers speech or Fund speech was an address made on September 23, 1952, by Senator Richard Nixon (R-CA), six weeks before the 1952 United States presidential election, in which he was the Republican nominee for Vice President.
The story of the 1968 Republican primary campaign and nomination may be seen as one Nixon opponent after another entering the race and then dropping out. Nixon was the front runner throughout the contest because of his superior organization, and he easily defeated the rest of the field. Nixon's first challenger was Michigan Governor George W ...