Word: decontrol
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Dates: during 1980-1989
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TOREDUCE this crippling dependence, they advocate swift decontrol of prices and demand reductions through conservation. But unlike rightwing proponents of decontrol, they are aware at least of equity considerations, and propose a huge windfall profits tax of up to 90 per cent to slash Big Oil's potential profits...
...head of the largest economy and the most powerful country in the West, the U.S. President will play the central role. TIME'S economists view the election of Ronald Reagan with both hope and a degree of skepticism. They applaud his announced energy policy, which includes the decontrol of U.S. crude oil and natural gas prices as quickly as possible. This should spur new energy production and encourage even greater conservation efforts...
Councilor Walter Sullivan's call for vacancy decontrol--tabled for a week--is the first legislative challenge to rent control in more than a year. His proposal would end the limits on the rent a landlord can charge for an apartment as soon as current tenants leave their homes, effectively ending rent control gradually as the city's apartments change hands...
Sullivan said that a vacancy decontrol program would encourage landlords to harass tenants in an effort to drive them out so prices could be raised. In addition, vacancy decontrol would mean a "slow death" for rent control in the city, he added...
Ironically, the phased decontrol of oil prices announced in April, 1979 by President Carter could flood oil-producing Sunbelt states with new tax revenue, improving their competetive standing over less fortunate states. Conservative estimates by the Congressional Budget Office forecast that between 1980 and 1990 eight states will collect $112 billion in new revenue as a result of increased severance, corporate, and property taxes due to raised oil prices. Alaska's average yearly revenue increase will equal three times its relatively small 1978 budget. The six other states will enjoy similar, if less substantial profits...