Word: benefitting
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Dates: during 1980-1989
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...Community. Moreover, despite his continued opposition to the presence of U.S. bases, Papandreou negotiated a five-year renewal of the leases in 1983. Says an adviser at NATO headquarters in Brussels: "By his standards, at least, he has been less extreme. We're hoping everyone will give him the benefit of the doubt...
Oilmen would finally lose their long-cherished depletion allowance. It would be phased out over five years, except on the very smallest wells (those producing 10 bbl. a day or less). But oil operators saved a far more important tax benefit. The Treasury had originally wanted to make them stretch out over a period of years write-offs for "intangible drilling costs," including everything from engineering studies to geologists' expenses. The final plan, however, allows the oil operators to continue taking all the write-offs immediately. While industry lobbyists still protested the impending death of the depletion allowance, some individual...
...this arrangement on both philosophical and financial grounds. By allowing residents of high-tax states to lessen their federal obligation, he contends, Washington in effect underwrites big spending at the statehouse level, which he abhors. Moreover, since only one-third of U.S. tax returns are itemized, Reagan notes, the benefit is not even available to a majority of taxpayers. "But they are being forced to subsidize the high-tax policies of a handful of states," the President said in his speech Tuesday evening. "This is truly taxation without representation...
Many law-enforcement officials contend that giving corporate criminals the benefit of a double standard is destructive to society. Asks Rudolph Giuliani, the U.S. Attorney for the Southern District of New York, who has prosecuted some of the largest tax-fraud cases: "If executives who make healthy salaries can't abide by the law, how do we expect the disadvantaged not to break the law?" Says Anton Valukas, the U.S. Attorney for Northern Illinois: "I guess what bothers me is that we are talking about privileged people, people with the best educations who seem to have the basest motives...
Bewildered Americans have waited by their telephones for a year and a half to hear of some concrete benefit from the breakup of the Bell System in January 1984. Up to now, many people thought the only results were nearly indecipherable phone bills, baffling repair procedures and higher charges for local service and directory assistance. Last week came still more confusion...