Word: credited
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Dates: during 1970-1979
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...Carey, he was informed that the Governor did not like to meet people. That attitude seems to typify the current campaign. Carey is markedly ill at ease making small talk with the folks, though he excels at defending his record in office. If he wins reelection, much of the credit will go to Media Consultant David Garth, who has managed to convey a livelier image of the Governor. The Republican candidate, silver-haired Perry Duryea, is a millionaire Long Island lobsterman who has spent 18 years in the state assembly. He is attacking Carey for vetoing a bill to restore...
...special-interest freebies. New York Democrat Daniel Moynihan proposed that the New York State Power Authority be allowed to issue tax-exempt bonds. It passed. Russell Long's Senate Finance Committee had moved that chicken coops built by egg producers should qualify for a 10% investment tax credit. It also passed. Taking up the controversial issue of reducing the tax on capital gains, the Senate turned out to be $1.4 billion more generous than the House, voting a $2.5 billion slash-even though Carter had once threatened to veto any capital-gains liberalization at all. The Senators added another...
Individuals. The current exemption of $750 per dependent is to be boosted to $1,000; the $35 tax credit will be dropped, however, as will the alternate credit of 2% of the first $9,000 of taxable income. Tax brackets are expected to be widened by several percentage points each, thus slowing the pace at which inflation pushes taxpayers toward progressively steeper rates of taxation. However, between 1 million and 2 million taxpayers, mostly single people itemizing their returns, will find their taxes actually increased somewhat...
...Poor. The earned income credit, a device that boosts income for poor workers with families, has been considerably increased...
Among other important issues dealt with in the bill are the minimum tax on high-income persons, taxation of unemployment compensation paid to those earning more than $20,000, and an investment tax credit to help rehabilitate the inner city. Under threat of a veto, the Senate's tuition tax-credit measure was separated from the package...