Word: cent
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...high-income housing, saving $4.5 billion. He also feels we could maintain our defense without a new nuclear-powered aircraft carrier, Rep. James Shannon (D-Mass) suggests cutting back tax credits for money American companies pay foreign governments. Rep. David Obey (D-Wis) recommends raising the 46-per-cent top corporate tax rate to 48 per cent again, as well as imposing a 5 per cent surcharge on individual incomes above...
...common cause by those who are already struggling merely to obtain, at inflated prices, the necessities of life. Closing tax loopholes is the more humane route. Last year, profits for 1200 American industrial corporations, banks and utilities surveyed by Business Week, rose an average of 22 per cent over 1978. The loosest belts should be tightened first...
...import fee, amounting to ten cents a gallon of gasoline, will wipe out any gains from the rest of Carter's program by raising the consumer price index by more than half of 1 per cent, by administration estimates. Called a "conservation fee," it is really a budget-balancing hedge against possible Congressional failures to ratify the president's spending cuts. In this case, it may face legal challenge because the 1962 law authorizing import fees stipulates they cannot be used as a revenue source...
...city's gasoline bills have been rising from $250,000 in 1979 to $350,000 this year to a projected $650,000 for next year, Malone said. The projected ten-cent rise in gasoline prices could raise fuel costs an additional $100,000, he said...
...manager may also discuss "the virtual impossibility all municipalities face in accommodating the present state-imposed 4-per-cent tax cap with inflation running at over 15 per cent," the source added...