Word: investments
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Dates: during 1980-1989
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...Means Committee has before it my progressive consumption-tax proposal (H.R. 4442). The consumption tax would drastically reduce the number of exclusions, deductions and credits that now make the Internal Revenue Code a cabala for tax lawyers and C.P.A.s. It would allow the deduction of all savings and investments, on the theory that people should be taxed on what they take out of the national economy by way of consumption and not on what they put in. To protect the poor, personal exemptions would be double those under the current income tax, and the tax rate for the bottom income...
...They live in an apartment where Mama and her husband settled years ago, originally as a temporary abode for their small family. As the play opens, the family is waiting for insurance money coming from the death of Mama's husband. Tensions are high, because Walter Lee wants to invest the money in a liquor store, while Mama is determined to use at least a part of it to send Beneatha to medical school. Mama also would like to buy a new house...
Increasing taxes to reduce the deficit would produce only a marginal rise in federal revenues and would have the adverse effect of providing a greater incentive for people to invest in nonproductive tax shelters. Any attempt to reduce the deficit must first focus on the spending side of the equation...
...defense will contend that De Lorean thought he was meeting with legitimate businessmen to persuade them to invest in his car company. But De Lorean's lawyers must overcome the evidence on five hours of videotapes and 58 audio recordings that will be the heart of the Government's case. The defense will also try to destroy the credibility of a main prosecution witness, James Timothy Hoffman, a former drug dealer and onetime California neighbor of De Lorean's, who helped get De Lorean involved with the undercover agents. The defense will claim that Hoffman enticed...
...part of an ongoing effort to improve its ability to invest shrewdly the University's $2.6 billion endowment, the Harvard Management Company (HMC) plans to fill three positions this spring. HMC President Walter M. Cabot '55 said this week...