Word: hold
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Dates: during 1970-1979
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...reductions in property and income taxes. Budget Director Gerald Miller agreed with a reporter that the estimate of a deficit was "a ploy." He remarked candidly that there are times "when it is appropriate to indicate the situation is not as good as it might be in order to hold down the level of spending...
...sound financial management. It is not idle boasting, but an even more important reason is the nation's economic recovery, which has raised the take from income and sales taxes. During the recession, most states and cities cut spending deeply, and generally they continued to hold back during the early days of the rebound. Last year revenues surged far ahead of spending, giving the states especially the pleasant problem of what to do with the money...
...Hold Back the Minimum Wage. It jumped from $2.30 to $2.65 last January and is scheduled to rise to $2.90 next January and $3.35 in 1981. Besides being inflationary, the increases discourage hiring of the unskilled and the young...
Curb Regulation. The spreading powers of the Environmental Protection Agency, the Occupational Safety and Health Administration, the Equal Employment Opportunity Commission and hundreds of other regulatory agencies aggravate inflation by adding to the budget and, more important, swelling the costs of doing business. One significant step would be to hold down the EPA's "enforcement" spending, which is budgeted to jump from $73 million to almost $95 million. Every dollar devoted to EPA "enforcement" obliges U.S. business to invest many more dollars on nonproductive machinery, which then raises prices, reduces productive capital spending and retards hiring...
...Hold Down State Wages. Having urged a reduction in federal pay increases, the President then could ask states and localities to hold raises for their employees to 5% or less...