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Word: decontrolled (lookup in dictionary) (lookup stats)
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Most of the trumpet calls came from Carter's own party. The House Democratic Caucus repudiated Carter's oil decontrol plan, and House liberals joined Republicans to vote down the proposed federal budget (a vote that was rescinded the next day). Five Democratic Congressmen publicly announced they would not support Carter's renomination and charged that he had "abandoned the promises and hopes of his own campaign." Four of them announced support for the drafting of Senator Edward Kennedy, an idea that Kennedy is doing increasingly little to discourage. A poll released last week showed him beating...

Author: /time Magazine | Title: Nation: Carter: A Song of Woe | 6/4/1979 | See Source »

...that Congress needs any such incentive. Having rejected Carter's conservation and stand-by gas rationing proposals, the legislators are now rebelling against his plan to phase out price controls on domestically produced crude oil beginning in June. Carter decided on decontrol in the hope that higher prices would both discourage consumption and stimulate production-and also in the belief that Congress wanted to end controls...

Author: /time Magazine | Title: Nation: Carter: Gas as a Gag | 6/4/1979 | See Source »

...windfall profits tax should include deductions for money spent directly on oil exploration and oil development, but nothing else, since the prime purpose of the new decontrol program is to increase America's oil supplies...

Author: /time Magazine | Title: Letters, May 28, 1979 | 5/28/1979 | See Source »

...have-done when he saw on his office ticker that gasoline lines were forming in California, said one harried energy planner. L.B.J. would have called in the oil executives and demanded a firm production estimate within 24 hours. He would have grabbed their arms and cut a deal - price decontrol for a reasonable tax on windfall profits. Then, the official continued, Johnson would have gathered a group of congressional leaders and had them help prepare an emergency rationing program. Meantime he would have assembled the Governors and filling-station operators and demanded a voluntary plan of restraint and allocation. Johnson...

Author: /time Magazine | Title: THE PRESIDENCY: Can't You Do something? | 5/21/1979 | See Source »

...this age of "me-first" politics, it took great courage for President Carter to exercise his authority to decontrol the price of oil. However, his plan to nullify the good effects of price decontrol by imposing a "windfall profits" tax on the oil companies is an ill-considered act of misguided Populist sentiment. We're the Nobil Corporation, and we're in the business of discovering, pumping, refining, shipping and selling oil, so you can believe us when we tell you that "windfall profits" aren't for our benefit, they're for yours...

Author: NO WRITER ATTRIBUTED | Title: Profits For People | 5/21/1979 | See Source »

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