Word: hiked
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Dates: during 1980-1989
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...corporate counsel. "If GM gets hit with a $1 million claim, it raises the price of its cars. When the city gets hit with $1 million, it lays off ten policemen. The people are going to lose." Some municipalities, especially small ones, have to raise taxes. Troy intends to hike property taxes an average of $200 per household. Concedes Steven Berry, the winning lawyer in the Troy suit: "Citizens can end up footing the bill for mistakes by people they have either elected or hired to act competently. There is a problem there...
...faces rough sailing on the tax hike...
...whirlwind of high-pressure politics, Ronald Reagan was waging the most perilous and difficult fight of his presidency. The stakes were high. If he failed to persuade Congress to pass a deficit-checking $99 billion three-year tax hike, the already swollen tide of red ink in the federal budget would rise even higher, swamping hopes for economic recovery and threatening deeper recession. Politically, a President who seemed to have a magic wand for passing major legislation would have shown that he could no longer control even his own party on Capitol Hill. The myth of the Great Communicator...
Even with the tax hike battle raging around him, Ronald Reagan retains the serenity and confidence that have been key ingredients of his amiable style. En route to Billings, Mont., last week to appear at a Republican rally, Reagan spent nearly an hour chatting with Washington Contributing Editor Hugh Sidey aboard Air Force One about the rewards and penalties of the presidency. Sidey's report...
...expressions of solidarity on those social issues, no matter how heartfelt, probably will not appease the far right; after 19 months of soothing presidential rhetoric, it is impatient for action on its social agenda. Nor did Reagan, despite private appeals for loyalty, mollify his tax-hike opponents. Indeed, the tax battle is now forging a rare, rebellious alliance among the New Right, congressional Republicans and conservative businessmen. Says one White House adviser: "I have never seen such animosity from our constituent groups...