Word: deductionism
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Dates: during 1990-1999
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At yesterday's full faculty meeting, irate professors spent an hour and a half describing the harmful effects of pension deduction and imploring the administration to reconsider the changes.
Abernathy and Caves will present the findings of their investigation at a meeting of the faculty. And Mallinckrodt Professor of Applied Physics William Paul may ask faculty members to recommend that Harvard rescind the one percent deduction.
The White House found itself in a familiar place today: on the defensive, denying that Clinton intends to support tax hikes or cuts in entitlement benefits -- as Republicans interpreted an Administration memo leaked Sunday to the Washington Post. The memo, prepared by OMB Director Alice Rivlin, listed revenue-raising options...
Lost in the health-care shuffle was a tax break that about 12 million self-employed Americans have relied on. Their 25 percent deduction for health-insurance expenses, which had expired in 1993, washed away today along with health care reform -- even though key figures in both parties were going...
Maybe you didn't buy a racehorse last year. You were worried about what it would do to the lawn, or perhaps you just didn't realize that the IRS regards racehorses as a tax-deductible part of the "farming business," along with cattle and pigs. But that's all...