Word: enacted
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Dates: during 1980-1989
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After some eleventh-hour fluttering, the White House also settled last week on the outlines of its tax proposals. Reagan was expected to ask Congress to enact immediately a levy on imported oil and a surcharge on individual income taxes that would not go into effect until Oct. 1, 1985, and then only if the deficit in the fiscal year that begins on that date seems likely to exceed 2% of G.N.P. That would work out to around $100 billion of red ink a year. The President's hope is that spending cuts and economic recovery will make...
...Congress to enact huge standby tax increases to go into effect in 1986 if, and only if, deficits by then still seemed likely to exceed $100 billion a year or so. Current thinking is to propose new taxes calculated to take in approximately $100 billion over a three-year period. One would be a $7-per-bbl. tax on imported oil; a much more direct levy would be an income-tax surcharge of perhaps 8%. That is, every taxpayer would add up his or her bill under the rate schedules now written into law, then pay another...
...veto override is a milestone in the national movement to pressure the South Africa government into discarding its in stitutionalized racism Massachusetts is the first state to enact such strict investments guidelines Connecticut and Michigan recently adopted less stringent divestment rules and may encourage other states to follow suit Sen. Jack Backman (D-Brookline), one of the original sponsors of the bill, noted recently that 15 other legislatures are considering similar measures, adding "I hope this is the beginning of a snow ball effect all over the country...
...didn't play a significant role in his veto. He acknowledge "the uncertainty as to the best course," and said that "given the importance of the moral issue and the strength of the conviction of the bill's proponents that isolation is the better way. I am prepared to enact, as a matter of policy, a divestment bill...
Congress will begin debating the issue Wednesday, and must pass the bill by Friday, in order to enact the law this year If debate is not concluded by then, the bill must pass through the new Senate and Congress...