Word: cuttingly
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Dates: during 1970-1979
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...potential candidate who might catch on fast is New York Congressman Jack Kemp, co-sponsor of the Roth-Kemp bill, which would cut personal income taxes by 33% over a three-year period. He has been traveling around the country to test the political waters and has found them agreeable. "Kemp makes a striking appearance," says John Simms, executive director of the Mississippi G.O.P. "Even though he uses words like macroeconomics, his examples hit home. Besides, he has the hottest issue going...
...Federal Supply Service. Petrillo took it but refused to cancel his complaint. Thereafter, the harassment of Petrillo increased. "Not a single piece of paper crossed my desk for eight months," he says. Finally, he asked to be transferred to a new job, even though his salary would be cut by $5,000. But when he was told that he would have to pay his own moving expenses, he decided not to take the job. Meanwhile, a civil service administrative judge dismissed Petrillo's grievance, after GSA lawyers filed 150 objections to the charges. Recently, he was named by Solomon...
...meanwhile, had cut off military aid for Somoza and was seeking to bring the Broad Opposition Front and the government together in hopes of finding a "Nicaraguan solution." Explained a State Department official: "We're trying to avoid any 'U.S. solution.' If we were to suggest that Somoza should take a three-month vacation, that's exactly what Somoza's people would do-and then say that this was what the Americans told them to do." But Nicaraguan opposition leaders demanded more substantial U.S. support than that; for example, a cut in $11 million worth...
...unchallenged wisdom echoed by speakers of many viewpoints. Former Commerce Secretary Peter Peterson, now head of Wall Street's Lehman Brothers Kuhn Loeb, coupled a persuasive appeal for steps to foster the development of new businesses with a wry observation that "an investment banker calling for a cut in capital gains taxes has all the credibility of Dracula asking for charitable contributions to the blood bank...
Peterson need not have been so apologetic. Other proponents of a capital gains cut included such Democratic powers as Louisiana's Long, whose Senate committee has just begun hearings on what little remains of President Carter's tax reform proposals. Long not only urged a large capital gains reduction, but also sounded an imperative to "try to make this [tax] system less counterproductive" for business. Even Teddy Kennedy, the leader of the Senate's liberals, backed tax relief for companies. While he opposed any easing in the capital gains, he proposed an even deeper cut...