Word: cuttingly
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Dates: during 1970-1979
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Roth and his backers contended the tax cut would be such an effective stimulant for the economy that it would produce more new tax revenue than it would cost...
...Roth-Kemp tax-cut plan, which Republicans want to sell as a major issue for the November elections, was rejected Monday by the Senate Finance Committee as a prescription for future inflation...
Like the House bill, the version being written by the Senate committee would cut individual taxes permanently but only once, in 1979. However, there is general agreement that, barring a major improvement in the economy, Congress is likely to cut taxes again...
...contrast, the Roth-Kemp measure would make one cut in 1979, another in 1980 and a third...
...Roth-Kemp plan, if instituted, would mean a $501 tax cut for a typical single person earning $10,000 a year who has deductions of 23 per cent of income once the plan reached full effectiveness (after 3 years); a family of four under the same conditions would get a $228 cut; the four-member family earning $25,000 would get a cut...