Word: crackdown
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Dates: during 1970-1979
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...they had personally put up or had at risk. The 1978 tax law extends that at-risk rule to investments in coal mining, master recordings, toy molds, lithograph stones and a host of other rapidly depreciable properties, many of which shelter promoters had dreamed up since the '76 crackdown. In addition the IRS has been taking a much harder look at so-called partnerships lately and reclassifying a growing number of them as associations if they fail to meet certain tests. That has caused many shelters to collapse because associations are taxed in the same way as corporations...
...reserves into the banking system, turn a deaf ear to pleas that it shovel in more, no matter how intense the demand for loans becomes, and let interest rates go wherever the market takes them. The board has traditionally resisted that approach out of fear that an abrupt crackdown in an inflationary economy would cause interest rates to leap up so violently as to produce financial chaos. Miller has said that if the board had tried that strategy in 1974 the prime rate would have hit 20%, and "as a former businessman [he was chairman of Textron at the time...
...Crackdown on Leftists
...Rubdown Crackdown...
...Rubdown Crackdown...