Word: boosting
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Dates: during 1980-1989
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...from Honolulu to Hartford. But the cost of that tankful could soon take its biggest leap since the oil-parched 1970s. Reason: a hefty increase in the federal gasoline tax may be coming down the road this year. To an increasing number of politicians and economists, a gas-tax boost would be one of the simplest and most effective ways to reduce the 1990 budget deficit. The idea could quickly gain ground among congressional leaders who are preparing to haggle with the incoming Bush Administration over steps to stanch the red ink. "It seems everybody has decided that a higher...
...quite. Opponents of boosting the 9.1 cents-per-gal. federal tax are gearing up for a fierce lobbying brawl. On one side stand the influential but unorganized advocates of the gas-tax increase, who range from Federal Reserve Chairman Alan Greenspan to Illinois Democrat Dan Rostenkowski, chairman of the House Ways and Means Committee. They argue that a gas-tax boost -- the proposals span from about 7 cents per gal. to 50 cents -- would be simple to administer and would bring a gusher of new revenues. As fringe benefits, the tax would help the environment and the U.S. trade position...
...cents per gal., including all taxes, which is one of the lowest levels in the world -- and below 1950 prices after inflation is deducted. In a TIME survey conducted last week by the opinion firm Yankelovich Clancy Shulman, nearly three-quarters of those polled said they opposed any tax boost to reduce the budget deficit. A nearly equal number acknowledged, however, that an increase seemed likely during the Bush Administration. When asked which tax they would rather see raised if an increase was necessary, 26% favored the gas tax. The measure was second to the untried notion of a national...
...room, $10 million confection takes up all of the 68th and most of the 66th and 67th floors of the tower. The building actually has only 58 floors, but Trump felt that wasn't sufficiently impressive, so he skipped some floor numbers to give his tenants a psychic boost. "He would have loved to build another ten floors," says architect Scutt, "but he couldn't because of zoning rules, so he changed the numbers...
...weaker dollar will make the Fed's situation even more precarious. If foreign investors fear that the U.S. financial system will become unstable, they may cut back their investments in Treasury bills and other dollar- denominated securities. The Fed would have little choice but to boost interest rates to make the currency more attractive. Since September the dollar has lost about 5% of its value against the currencies of major industrial nations, and now trades at about 125 yen. This has wiped out most of the gains it made during the first nine months of last year...