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BUSH SAYS TAX RISE MAY BE NECESSARY [FLASHBACK]
The New York Times Archives | January 15, 1959 | UPI

Posted on 11/27/2004 7:37:56 AM PST by nwrep

WASHINGTON - Senator Prescott Bush said today that Congress might have to face the "unpleasant necessity" of raising taxes to hold the line against inflation.

The Connecticut Republican in a speech to the Senate, did not say when such an increase might have to be voted. But he warned that every effort must be made to fight inflation because it was "the Soviet Union's potentially most dangerous weapon in the 'cold war'. "

Charles A. Halleck of Indiana, House Republican leader, said after a White House conference yesterday that a tax-cut was possible within the "next two or three years", if the Democratic-controlled Congress cooperated with President Eisenhower.


TOPICS: Business/Economy; Extended News; Government; Miscellaneous; Politics/Elections; US: Connecticut
KEYWORDS: 1959; bushfamily; coldwar; prescottbush; taxincrease

1 posted on 11/27/2004 7:37:56 AM PST by nwrep
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To: nwrep

Don't do that to us!

You almost gave us a heart-attack!


2 posted on 11/27/2004 7:39:30 AM PST by SandRat (Duty, Honor, Country. What else needs to be said?)
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To: SandRat

Sorry, just to show how times have changed (thankfully). Prescott was also one of the few Republicans in the Senate to oppose JFK's huge tax cut.


3 posted on 11/27/2004 7:42:59 AM PST by nwrep
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To: nwrep

It would have been nice if the USSR, before we pulled the rug out from beneath them, to have collapsed China as well.


4 posted on 11/27/2004 7:44:23 AM PST by Solamente
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To: nwrep

nwrep, you are bordering on sadistic! I did the mother of all double-takes when I read the headline. It was an interesting read, though.


5 posted on 11/27/2004 8:04:10 AM PST by srm913
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To: nwrep

Cute, REEEEEAL cute.


6 posted on 11/27/2004 8:04:49 AM PST by Roccus
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To: nwrep

ROFL!


7 posted on 11/27/2004 8:08:02 AM PST by Soul Seeker
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To: nwrep
Prescott was also one of the few Republicans in the Senate to oppose JFK's huge tax cut. Prescott didn't get it. George Hebert Walker didn't get. George W. gets it!
8 posted on 11/27/2004 12:42:48 PM PST by El Gato (Federal Judges can twist the Constitution into anything.. Or so they think.)
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To: El Gato
George Hebert Walker

George Herbert Walker. Fat fingers did it again.

9 posted on 11/27/2004 12:43:46 PM PST by El Gato (Federal Judges can twist the Constitution into anything.. Or so they think.)
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To: El Gato

Typical Times story..get headline out...73% won't read the story and they will bash Bush as a hypocrite unless a
Republican hears them...election over ...but Moorrerren
Hoody Dowdie and rest will never get over it....
Go visit Dannyy Blather.,..heehaw...Jake


10 posted on 11/27/2004 2:08:34 PM PST by sanjacjake
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To: nwrep
Not funny or relevant. You know how little it takes for the dems to start rumors.
11 posted on 11/27/2004 2:29:15 PM PST by Churchillspirit
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To: nwrep

HAHAHAAA!

That was funny. I was a little shocked.


12 posted on 11/27/2004 4:07:05 PM PST by The Seeker of Knowlege
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To: nwrep

Grandfather was for raising taxes. The father raised taxes in spite of his lips, and now the current one is overseeing a massive government growth campaign.


13 posted on 11/27/2004 8:21:10 PM PST by Moonman62 (Federal Creed: If it moves tax it. If it keeps moving regulate it. If it stops moving subsidize it.)
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To: nwrep
Sorry, just to show how times have changed (thankfully). Prescott was also one of the few Republicans in the Senate to oppose JFK's huge tax cut.

He also wound up losing to Abe Ribicoff in (I think) 1964.

14 posted on 11/27/2004 11:01:17 PM PST by Clemenza (Gabba Gabba Hey!)
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To: Clemenza; nwrep

I take it back, Pres Bush DEFEATED Abe Ribicoff, who later won an open seat.


15 posted on 11/27/2004 11:04:31 PM PST by Clemenza (Gabba Gabba Hey!)
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To: nwrep

Why i oughta !!!!!!!


16 posted on 11/27/2004 11:06:13 PM PST by ATOMIC_PUNK (Lord, place the steel of the Holy Spirit in my spine and the love of the Holy Ghost in my heart.)
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To: Moonman62

Grandfather was for raising taxes. The father raised taxes in spite of his lips, and now the current one is overseeing a massive government growth campaign.




At least he is cutting my taxes....


17 posted on 11/28/2004 1:32:26 AM PST by MikefromOhio (42 days until I can leave Iraq for good....)
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To: MikeinIraq

For now. We'll have to pay for his big government someday.


18 posted on 11/28/2004 1:41:06 AM PST by Moonman62 (Federal Creed: If it moves tax it. If it keeps moving regulate it. If it stops moving subsidize it.)
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To: Moonman62

maybe, maybe not...depends on the economy....


19 posted on 11/28/2004 2:56:04 AM PST by MikefromOhio (42 days until I can leave Iraq for good....)
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To: nwrep

That was one heck of a "GOTTCHA" ;)


20 posted on 11/28/2004 6:47:26 AM PST by stopem
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To: nwrep
raising taxes to hold the line against inflation

???

Isn't that like trying to put out a fire with gasoline?

21 posted on 11/28/2004 6:51:54 AM PST by TruthWillWin
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To: MikeinIraq
maybe, maybe not...depends on the economy....

Count on paying, then. Even if the economy does grow, we'd still be paying a higher rate than would have to otherwise. There are no free lunches.

22 posted on 11/28/2004 12:44:30 PM PST by Moonman62 (Federal Creed: If it moves tax it. If it keeps moving regulate it. If it stops moving subsidize it.)
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