Word: benefitted
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Dates: during 1970-1979
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...come to the inescapable conclusion: This country is dying, slowly, and there's very little that anyone will be able to do about it in the near future. Perhaps it's a case of paranoia born of early-summer lethargy; perhaps the result of reading the paper without the benefit of the accustomed cyncial attitude. But when the overwhelming realization penetrated, despite the sun on the shoulders and cold drink in hand, the day was shot. Pessimism may be fashionable...
Would the Steiger amendment benefit chiefly the rich, as the President says? Not really...
...hope for enactment of the bill's capital gains provisions. The reforms, which would have raised capital gains taxes for some upper-income taxpayers, reflected Carter's populist belief that tax breaks on gains from sales of stocks and other property do little for the economy and benefit mainly wealthy investors. Though the White House would now be grudgingly content to see the tax remain at its present maximum effective rate of 49%, the Steiger amendment seeks to cut the rate to no more than 25%, the level that prevailed prior to 1970. The bill was introduced...
...dollars that they collect upon selling it has gone way down. Thus it seems only fair to reduce the tax bite on capital gains. If those taxes are eased, many people who have been holding on to their property may be inclined to sell. Then everybody would benefit: the sellers would pocket profits, on which they would pay taxes, and the Treasury might well wind up with more revenue than it would otherwise collect...
...daily travel, watching for suspicious strangers and carefully checking one's car. A group of 50 heads of small-and medium-size businesses in northern Italy have organized themselves into a modern version of the tontine, a primitive 17th century insurance company. They have put together a mutual-benefit ransom society so that if any member is held hostage, all participants will put up cash to buy his freedom...