Word: important
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Dates: during 1980-1989
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...since 1985 against nations deemed to be engaging in unfair trade practices. The most dramatic censure came last year, when the Administration imposed $300 million worth of sanctions against Japanese products after deciding that Tokyo had reneged on parts of an agreement under which it would, among other things, import more U.S. computer chips...
...White House has angered Congress on several occasions by turning down pleas for import relief, most notably from the shoe industry. Many Democrats, and a few Republicans as well, are pushing for provisions in the trade bill that would force the Administration to retaliate automatically against unfair foreign traders. The President, though, has vowed to veto any bill that would take away his discretion on when to impose trade sanctions. The conflict has left the Democrats with a dilemma. Explains Rostenkowski: "We need a bill so tough that our trading partners can't ignore it, but so fair that...
...interest rates. In recent years, however, a combination of oil-price declines, corporate cost cutting and foreign competition has kept inflation at an unusually low level -- an average of 3.1% from 1985 through 1987. The low-value dollar could lead to a new burst of inflation by driving up import prices, but so far the impact has been minimal...
...peace plans.DEFICIT: Supports a balanced budgetamendment. Would cut defense spending and lowerthe unemployment and interest rates to reduce thebudget. EDUCATION: Seeks to attackilliteracy, first, by increasing beginningsalaries for grade school teachers. TAXES:Would raise taxes for individuals earning morethan $100,000 a year. Calls for a $5-per-barreloil-import fee and luxury taxes on alcohol andtobacco. TRADE: Opposes the Gephardtamendment. Sponsored legislation that would punishspecific industries that practice unfair trade...
GEPHARDT offers specific solutions to our nation's problems. Unlike other candidates who advocate big spending and, at the same time, call for a balanced budget, Gephardt has proposed an oil import fee as a means of rasing revenue. Although it is not popular in New England, he has continued to advocate it as sound economic policy, as well as sound energy policy...