Word: equalizing
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Dates: during 1980-1989
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Democrats argued that a limit was necessary because the President's tax cut helps people primarily in higher income brackets. By contrast, the $720 cap would have hit hardest some 4 million taxpayers earning $50,000 or more a year. But Republicans pointed out that a roughly equal number of middle-class families and individuals earning between $30,000-$50,000 a year would also benefit from the full cut. For instance, a $30,000-a-year married couple (one child, filing a joint return, claiming four exemptions) can now expect a tax saving of about $430 annually...
...years in defense spending. Military pensions should be scaled back, the report says, so that they no longer amount to about twice the rate found in the private sector. Generous cost of living adjustments have allowed some officers who retired ten years ago to make more than those of equal rank on active duty, and more than those who retired recently. Even issuing payroll checks results in waste. Private businesses can do it for about $1 a check, but it costs the Army $4.20. The Grace commission also cites the operation of unnecessary military bases and the domestic proliferation...
Toward the end, Greenaway's cunning conundrum of a plot unravels a bit. But by then he has made his point about the social power of the artist (whether Michelangelo or Mailer) in a society that wants him as an entertainment but not an equal. That Greenaway made this icily sumptuous film on a $500,000 budget, and seduced winning performances from his cast, suggests that, in art if not in life, the entertainer can exact his sweet revenge...
...limit on the number of strategic ballistic-missile warheads. At the moment, the U.S. has 7,146 land-and sea-based strategic warheads, while the Soviets have approximately 7,500, meaning that both sides would have to reduce their weaponry by a more or less equal amount. Reagan's other ceiling, a cap of 2,500 on the number of land-based missile warheads, is not on the table as far as the Soviets are concerned. It would require them to scrap 57% of their 5,900 land-based missile warheads. The U.S., by contrast, currently deploys only...
...research firm. Prospects of dizzying profits have lured at least 230 companies into the business of creating software. Venture capitalists with bulging bank accounts are showered with proposals from novice entrepreneurs looking for start-up financing. By 1990, industry revenues could reach $12 billion. That will make software almost equal in size to today's household-appliance industry...