Word: budgeted
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Dates: during 1980-1989
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...that leaves more than enough funds for the Council to amuse itself--at this point, major costs like file cabinets and assistants to fill them with paperwork only take up a small portion of the $20,000 budget...
...have to renew the support on the federal level that has disappeared on account of Reagan's federalism. Can [the bill] get funded in this climate of budget cutting and looming deficit? I do not know, but it sounds like a wonderful idea," O'Neill said...
Simon is willing to raise taxes, after a fashion, if the unemployment and interest rates refuse to respond to his entreaties. But clearly tax increases pain Simon; early drafts of his economic white paper had just one line on taxes. Even now, he plans to make up for any budget shortfall in outmoded soak-the-rich fashion: raising income-tax rates for individuals earning more than $100,000 a year. As unpopular as the rich may be in some Democratic Party circles, there just are not that many of them: each 1% increase in tax rates under Simon's plan...
Though Dole talks sense about fiscal responsibility, he refrains from laying out his deficit arithmetic and, at times, seems positively unenthused about his own one-year budget freeze. "It isn't the best policy," he said last week. "But it is easily understood and can sell politically." But that is still a profile in courage compared to Bush, whose only tangible proposal is to slash the capital-gains taxes to 15%. This leftover supply-side nostrum, also endorsed by Kemp, would destroy the tax-reform principle that earned and unearned income should be treated alike...
...political strategy, presidential campaigns are often won and lost by the numbers: unemployment, inflation and interest rates. Last October, it looked as if the nation was headed for a major recession, which would enhance the political fortunes of the Democrats, particularly those who were willing to talk sense about budget problems. There are, in fact, continued signs that rocky waters lie ahead, most notably last week's report that housing starts in December tumbled by a startling 16%. Yet most recent economic forecasts suggest that the economy may somehow muddle along until at least November. And that means good news...