Word: hike
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Legislators have called the proposed budget financially unsound because of its dependence on a $604 million tax hike that Dukakis proposed last month. Opponents of the plan also criticized its provision for $495 million in savings that includes a plan to recover $227 million by tightening Medicaid eligibility...
...Dukakis budget plans come in the wake of negative reaction to the governor's proposal for a $604 million tax hike for next year. The tax plan would raise revenue by increasing taxes on alcohol, cigarettes and capital gains...
Many of those in the capital who are talking about the pay hike favor it, as do students of government who contend that too many of the most talented men and women pick private industry over public service because of the siren song of much higher pay. But for many Americans "out there" who already feel that life inside the Washington Beltway is a world vastly different from their own, the prospect of such big raises right at budget-cutting time is cause for concern, derision, even anger. At their current salary of $89,500 a year, Congressmen already make...
When last faced with the opportunity to turn thumbs down on a salary hike, the Senate in 1987 voted 88-6 against a $12,100 increase -- fully confident that the House would save the day. After Representatives denounced the raises in furious speeches, the House also rejected pay raises in a voice vote. There was only one hitch: the debate took place after the 30-day waiting period had expired and the raises had already gone into effect...
...Management. For instance, Congress will be loath to fiddle with personal income tax rates so soon after the landmark Tax Reform Act of 1986. And while additional "sin" levies on alcohol and tobacco will be an option, they would raise far less revenue than a comparable gasoline-tax hike. At the same time, a national sales tax would be a complex experiment that lawmakers seem unlikely...