Word: limiteds
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Dates: during 1960-1969
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Closing the Loopholes. To offset part of that loss, Nixon would close some of the controversial loopholes used by the wealthy to avoid taxes. The most spectacular item is a proposed limit on tax preferences-or LTP, as alphabet-minded Washington dubbed it. It would place a 50% ceiling on the amount of a taxpayer's income above $10,000 that is eligible for favored treatment. Income would have to include the appreciated value of property donated to charity, and the ceiling would restrict the amount of deductions that a taxpayer could take for 1) oil-depletion allowances...
Under the new plan, tax rules would be relaxed in a couple of areas. The 30% limit on the amount of charitable contributions an individual can deduct from his income in most circumstances would go up to 50%. Tax deductions for moving at the behest of an employer would be substantially liberalized, permitting such costs as house hunting, temporary lodging or breaking a lease to be written off up to a limit of $2,500 per move...
...Leahy, assistant dean of the Faculty of Arts and Sciences for Resources and Planning, said yesterday that the cracks were a result of the occupation, "not because of malicious damage, but because there were too many people in the Faculty Room." The City of Cambridge had fixed a limit of 250 people in the room in a July 1968 inspection...
...House. Most of the bills are similar to a measure sponsored by the leading opponent of cigarettes in the House, California Democrat John Moss. He would toughen the cigarette label and order it into all ads, as the FTC urges, and he would also empower the commission to limit the length of cigarettes. That would probably shorten the future of the new 100-mm. cigarettes, which generally have more tar and nicotine than the king-sized brands...
...equally basic, that the University should try to offer any course or course of study that a reasonable number of students seek to pursue. The new black studies programs around the country are only the most recent, and newsworthy, examples of this. Any action by anyone which seeks to limit the freedom of the University to offer courses smacks of censorship, and is distressingly similar to the recurrent incidents in which PTA's try to get books with dirty words removed from school curricula, or vigillantes try to remove such works from public libraries...