Word: all-out
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...profits on the sale of stock, real estate or other assets (less an allowance for inflation) regardless of how long the assets had been held. At present, only 40% of such capital gains on assets owned for six months or more is subject to tax. Also, the Treasury promises an all-out attack on tax shelters, which allow investors in many oil, real estate and agricultural ventures to deduct accounting "losses" from other income...
...Congress, and include it in the budget only if the answer is yes. In the sub-Cabinet budget meetings, there was also strong sentiment to press for spending cuts even in the face of certain congressional opposition. The mood within the Administration, said one ranking presidential aide, is for "an all-out assault on federal spending...
...refuse to build more B-l bombers beyond the 100 already paid for. Reagan's request for $1.7 billion in research funds for his Star Wars plan will encounter determined opposition on Capitol Hill. Congress has allowed testing of an antisatellite weapon, but it may refuse to pay for all-out development of the program...
...effort left a sour taste. "We paid the penalty of being labeled a special-interest group," says Douglas Fraser, retired president of the United Auto Workers. Labor's all-out embrace also reinforced outdated expectations that its members would vote as a bloc. "The fact that people expect labor to deliver a unified vote is ridiculous," says Sam Fishman, president of the Michigan AFL-CIO. In 1964, 73% of labor households voted for L.B.J.; by the time Jimmy Carter ran for re-election in 1980, the Democrats' share of the union vote had dropped...
...much. All the countries want to keep production up in order to keep money flowing in. Iran and Iraq have a four-year-long war to finance. Venezuela and Nigeria owe large debts to Western bankers. Reducing the official price from $29 to compete with Britain could start an all-out skirmish with non-OPEC producers. "The system is so inherently unstable," says William Randol, an industry analyst for the First Boston investment firm, "that the slightest slip can lead to another crisis...