Word: cutbacks
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...minute speech Monday, Reagan mentioned his original proposal for a mutual 50 percent cutback in strategic bombers, submarines and missiles...
...billion), CBS has since embarked on a painful cost-cutting campaign. The Broadcast Group last month announced that it was eliminating 700 jobs, more than 8% of its work force. The cuts included 90 positions in the news division, where 125 jobs had already been lost in a cutback last fall...
...opening a dialogue with Israel, Hassan won the praise of the Reagan Administration. He may also have prevented a cutback in the $140 million in aid that Morocco receives from the U.S. Congressional leaders had been unhappy with Hassan ever since he signed a largely meaningless "treaty of union" with Libya in August...
...elimination or cutback of virtually every tax deduction, including those for state and local taxes...
Fringe benefits for employees, untaxed under current law, were treated like ordinary income under Treasury I. But the insurance industry, which worried that the plan might lead to a cutback in life and health coverage for workers, led a phenomenal lobbying blitz. A $6 million ad campaign included one twelve-minute film that described taxing fringe benefits as "the worst little horror show in taxes" and showed a Dracula character, presumably the U.S. Government, ready to suck the blood out of the hapless taxpayer. The Administration changed its mind...