Word: budgets
(lookup in dictionary)
(lookup stats)
Dates: during 1970-1979
Sort By: most recent first
(reverse)
...energy trust fund of $10 billion to speed up development of advanced technologies for coal gasification and liquefaction. This proposal would have to surmount objections from Washington, where pressure to balance the budget still takes priority. In addition, some European countries are reluctant to subsidize the U.S. companies that are predominant in the field...
...dangerous. His own plan, the Senator noted, would fix doctor and hospital charges for everybody, the President's only for Healthcare patients. Thundered Kennedy: "This step is a regressive one, inconsistent with the goal of a truly single-class health care system. By failing to set a national budget, by failing to control doctors' fees in the private sector, by perpetuating two separate and unequal systems of care, the President's plan may well become the straw that breaks the back of the American health care system...
Campaigner Margaret Thatcher promised to cut taxes and reduce government spending. Prime Minister Thatcher last week began to live up to those promises. As Labor M.P.s in the House of Commons jeered, Thatcher's Chancellor of the Exchequer, Sir Geoffrey Howe, presented a tough new budget that was designed, he said, "to restore incentives and make it more worthwhile to work...
...budget reduces the highest income tax rates (for those earning a net income of more than $50,000) from 83% to 60%; the standard rate will drop from 33% to 30%. Personal exemptions will be raised, effectively severing 1.3 million more Britons from the tax rolls. To replace the estimated $9.5 billion in lost revenues from the reduced income tax, the budget calls for an increase in the value-added tax (VAT), a national sales levy that is applied to all but essential goods and services. VAT rates, which vary from 8% to 12.5%, will move up to 15%. That...
Also, Congress is gaming much better control over rabbit-hole spending by moving toward longer planning. Says Rivlin: "The most important thing that happened with the fiscal 1980 budget is that Congress for the first time went beyond a single year's spending and voted at least tentative budget targets for three years. Now we have been pushing for five-year goals." These goals will help legislators make cuts in spending on an orderly basis with plenty of advance notice. As she says, "You really wouldn't want to live in a country where many programs are changed...