Word: eck
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Dates: during 1980-1989
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...lobbyists, should theoretically encourage businesses to invest in new factories and replace obsolescent equipment. Some critics, however, worry lest companies use some of their tax savings for other purposes-to reward stockholders with higher dividends, say, or buy up other businesses in the current urge to merge. But Ted Eck, chief economist for Standard Oil Co. (Indiana), does not agree that business gets a windfall from the new allowances. Says he: "There are lots of goodies in there for small business. Big business wins some and loses some. The new depreciation formula looks good, but what we get back...