Word: impacting
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Dates: during 1980-1989
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...appropriate symbol for a TIME project, Holmes tries to mesh the emblem with the major illustrations of the layout. One of his favorites was a drawing of a finger poised over a red button, which was used in a 1982 cover story about fears of nuclear war. The impact was enhanced by a large facing photograph of a mushroom cloud. "It is often helpful to get a play between two things," says Holmes. "When TIME did a September 1983 cover on the downed Korean airliner, we used the Communist hammer-and-sickle symbol, with the plane as the hammer being...
...cuts for business that has resulted in individuals shouldering a proportionally heavier load of the burden. The basic mechanism remains clear too: lowering rates but making more income taxable by scrapping or reducing exemptions and deductions. Within that grand design, though, there are hundreds of provisions varying widely in impact. Details: Individual rates. The move to a three-stage, 15%-25%-35% rate structure would by Administration calculations reduce taxes for 58.1% of all American families; 21.2% would see no change except in the way that they compute what they owe, and 20.7% would pay more tax. Most families...
...business and investment taxes are supposed to work toward equality by reducing the enormous disparities in effective tax rates for different industries, and sometimes for different companies in the same industry. For that very reason, however, the changes would hit different industries and companies with a widely varying impact...
Economists and executives in other industries are more divided on the likely impact and merits of the tax-reform plan. Aside from real estate, the plan would weigh most heavily on "smokestack" industries such as steel and autos with heavy investments in plant and equipment that could no longer qualify for the investment tax credit or speeded-up depreciation write-offs. These are the very industries threatened most by foreign competition. The plan, said a Ford Motor Co. statement, "will have an adverse effect on capital formation in the creation of new jobs in the industrial sector . . . Overall...
...breathless scene in Nathanael West's The Day of the Locust when the hero is caught in a street riot and is carried every way the mob heaves: "He was the spearhead of a flying wedge when it collided with a mass going in the opposite direction. The impact turned him around. As the two forces ground against each other, he was turned again and again, like a grain between millstones. This didn't stop until he became part of the opposing force...