Word: budding
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Dates: during 1980-1989
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...urgency of the anti-inflation fight requires that we defer such tax reduction at this time." Thus the Administration's guns-plus-butter spending program is being paid for by still heavier tax loads. Says Republican Congressman Barber Conable: "That's the Carter strategy: to balance the bud get by tax up-creep." The President's skillfully crafted election year strategy of higher federal spending combined with steep taxes, however, could still be upset by howling taxpayers on the verge of revolt...