Word: hiked
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Dates: during 1970-1979
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...committee also approved an increase in the business-investment tax credit, from 4% to 10% for utilities and from 7% to 10% for other industries. The President had requested a hike to 12%. It also lowered the corporate income tax by applying the 22% tax rate to the first $50,000 of profits, instead of only the first $25,000. Intended mainly to give relief to small businesses, this tax cut will return a maximum of $6,500 to a single corporation...
...permanent increase in the investment tax credit from 7% to 10%. Ford had requested a hike to 12%, but only for a year...
...imported oil by $1 per bbl. as the first step of an increase that would reach a maximum of $3 per bbl. on April 1. Democrats thought that they had the perfect riposte to this presidential assertiveness. The liberals on Ways and Means adopted a bill postponing the tariff hike for 90 days. Then they linked the measure with a boost in the national debt ceiling that the Administration had sought in order to finance its ballooning deficit (see box). The Democrats reasoned that Ford could not veto the hybrid bill if he wanted the debt ceiling raised...
...aspen and balsam, crossing four frozen lakes and looping back into town. It had been packed down by snowmobiles towing iron bars, but a sudden thaw softened the surface. Drivers, whose control of their dogs is limited to four simple commands -Gee for turn right. Haw for left. Hike for go, and Whoa for stop-found the going tricky, and there were five spills on Suicide Hill. The teams are paced by their drivers, who must take care not to burn them out in heavy slush. When a burst of speed is needed, drivers sometimes "pump" (give a series...
...York City's Arnold Bauman, who has now joined a major Wall Street firm, did not want to quit, but says it was "economically impossible for me to stay." Sidney Smith of Atlanta would have turned down a $120,000 partnership offer if even a 25% salary hike had come through. "We're going to get a slew of fresh resignations this year," warns former American Bar Association President Bernard Segal...