Word: loses
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Dates: during 1950-1959
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Politically, the Christian insistence on absolute standards and the Christian insistence that man is a frail and erring creature came together in the idea of freedom; since he is free to save or lose his soul, he ought also to be able to influence the lesser matter of his political destiny...
...Stanford, with a bench double that of its "breather" opponent, College of the Pacific, never could plug the leaks in its line and pass defense, trailed through the last three periods to lose...
...Administration is studying such a tax as one of the few practical means left to get the Government out of the red. In spite of a $5 billion cut in the current budget, the U.S. is still running a $5.6 billion deficit. Worse still, the Government will soon lose $8 billion a year in present revenues, since it is committed to letting some emergency taxes die next year-the excess profits tax, the 10% emergency boost in personal income taxes, the temporary 5% boost in corporate rates. And with Russia's super bomb raising some profound questions...
...yield is easy to predict, and at the manufacturer's level would be relatively easy to collect (only 300,000 outlets need be policed). Such a 10% tax (equal to a 5% tax at retail) would just about make up the $8 billion the Government will lose by the expiration of present taxes. It would also broaden the tax base so that the 25 million wage earners who now pay no federal income tax would share some of the tax burden...
There is nothing revolutionary in such proposals. Canada already uses the declining balance system. Britain now grants first-year write-offs as high as 20%. Sweden has a similar system. Whatever tax revenues the U.S. might lose would be an ultimate gain for the taxpayers, by increasing the productivity of the whole economy and thus lowering prices. By spurring the demand for heavy equipment-the backbone of the economy-there would also be another bar to a depression. Above all, by making expansion and modernization a continuous rather than an emergency process, the U.S. would keep its industries always prepared...