Word: hiked
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...latest hike in the Social Security levy is scrambling Washington's political alignments. Democratic Senator Daniel Patrick Moynihan, a New York liberal, proposes to roll back the Social Security tax from the current 7.65% to 6.55% over the next two years, a plan that would save $600 for workers paying the maximum amount. Moynihan would return the retirement system to a pay-as-you-go basis rather than piling up surpluses ($52 billion in 1989) that are diverted to finance other Government programs and cover up the full size of the federal deficit...
...Department must believe that everyone who has a semester's worth of interest in economics must have two semester's worth. That leaves those of us off the Merrill Lynch track without an alternative. Take two semesters or take a hike...
BOSTON--House Speaker George Keverian '53 withdrew a $1- billion-a-year tax bill from floor consideration yesterday, admitting he didn't have the votes to approve any tax hike that would come close to balancing the state's budget...
...Food and Drug Administration can take up to seven years to approve a drug application. That shrinks to 14 years the maximum amount of time in which a company can recoup its investment before its patent on a new substance runs out, and thereby pressures the firm to hike the price...
...other members of the House leadership team who vote against the tax hike--Robert A. Cerasoli (D-Quincy), chair of the Post Audit and Oversight Committee and Kevin P. Blanchette (D-Lawrence), chair of the Public Service Committee--resigned their posts late last week because of pressure from Keverian to vote for the package...