Word: benefitted
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Dates: during 1970-1979
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What good can come from removing investment incentives such as tax shelters? Can anyone deny the immense public benefit produced by such tax-sheltered investments as renovated housing, senior-citizen homes, food and job production and the like? Let us stop torturing ourselves into finding ways to spite the rich at the expense of benefits...
Last time around, in 1976, the Teamsters won a 34% wage-and-benefit boost over three years, setting quite a precedent-more than 10% a year. Nobody expects the settlement next year to be quite that high. In the past, trucklines have usually won automatic approval from the Interstate Commerce Commission to raise freight rates enough to cover any wage-and-benefit boost they might grant. Now, the ICC, with Administration support, has served notice that it will not be so generous. The Teamsters also are greatly concerned with maintaining their pension funds. It may help that the Administration...
Carter went to the mid-term Democratic convention in Memphis to raise the party's consciousness about budget cutting. Teddy Kennedy went out to oppose Carter. Next day back in Washington, Kennedy was scheduled to share the presidential box at the benefit for the Special Olympics, a Kennedy family project. It might have been one of those times that a President, just slightly irritated over Kennedy's divisive tactics, could have called in with a cold. But too many people were watching. Carter put on his tux and his grin and went...
...some mild jawboning. Strauss's six-month tenure will be remembered mostly for one rueful wisecrack: "The score is inflation 100, Strauss 0." In October, Carter replaced him with CAB Chairman Alfred Kahn and proclaimed formal guidelines with some teeth. The rules: labor should hold wage and benefit increases to an average 7% annually, and companies should raise prices half a percentage point less than they did, on average, in 1976-77. The penalties: public denunciation of violators, and loss of Government contracts for companies that raise wages or prices too fast...
...textiles and produce, and a reversal of present moves toward stringent immigration controls. Above all, the U.S. must be willing to deal with its neighbor as an equal. Only then will the fiercely proud Mexicans soften their suspicion of the northern colossus and join in a partnership that will benefit both sides...