Word: lorelei
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Dates: during 1980-1989
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...Administration will not advocate any further reduction in the capital gains tax on long-term investment profits or any new tax breaks for interest and dividend income. Consumers, however, are likely to find the benefits of the tax cut to be as elusive as the siren of the Lorelei. Higher Social Security levies that went into effect on Jan. 1, and inflation, which automatically pushes people into higher tax brackets, have already wiped out most of the real gains that people might have got from a general tax reduction...