Word: approachers
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Dates: during 1970-1979
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...become "even more intense." He stressed that Carter "has been an active participant in the discussions. He has felt free to offer suggestions as they seem to be appropriate." The style and tempo of the summit, in fact, recalled Carter's long pursuit of the presidency: a stubborn, dogged approach to tough issues and an assumption that sheer strength and determination must eventually triumph...
...must be loosened to let the underproductive, inflation-riddled U.S. economy breathe more freely and create more profits, capital and jobs. That sentiment was fully reflected at the Time Inc. conference. Sounding what might well have been the keynote of the proceedings, liberal Democrat Ullman declared that in its approach to taxation the nation is undergoing "a turn-around of major magnitude." After a decade in which tax policy was tilted toward achieving various social goals, Ullman observed, the federal taxing powers are about to be shifted to a new priority. Said he: "We are moving toward economically oriented taxation...
...business taxes must be cut to stimulate more-and more innovative-investment. But which taxes? And how much? The conference turned up a sharp schism between two groups: those who want a deep cut in capital gains taxes and those who prefer almost any other approach...
Whether that or any foreseeable approach would work is unknowable. Calculating the effects of possible tax changes on business investment decisions is one of the most arcane of arts. Brookings Economist Joseph Pechman, a liberal, points out that one goal of economic policy should be to increase productivity. But, he insists, it is impossible to know what kind of tax changes, if any, would do that, be cause economists are most uncertain what is causing the current slowdown in productivity. His view was disputed by several other speakers, but Pechman has a point: Congress is unlikely to find the best...
...they're bringing on the Spartan approach," I said, "frills are passe." I really had no desire to hear another lecture on art, let alone watch Meldrim Thomson feast on clams...