Word: deficits
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Dates: during 1980-1989
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...Massachusetts House handed Speaker George Keverian '53 a personal defeat yesterday and struck a potentially fatal blow to a deficit-reducing tax package by voting against a 50 percent increase in the capital gains...
Before recessing the House, Keverian spent most of the session hunting for Democratic support for the $1.2 billion deficit-reduction proposal. He said the House would take up a slightly altered version of the legislation today...
...speaker has hailed the tax package, which was forwarded to the House by the Ways and Means Committee on Wednesday, as a possible solution to the Bay State's fiscal crisis. Massachusetts' current budget deficit has been estimated at between $720 and $825 million...
...even half-way through the year, so why rush into a tax package that we don't know yet is sufficient to reduce the deficit," said John H. Flood '75 (D-Canton), who chairs the Taxation Committee. "With the raise [in the capital gains tax] we send the wrong message to the business community...
Flood added that debate on the tax increase should take place in June when "the deficit figures are clear...