Word: lower
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Dates: during 1980-1989
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...military could accept a 20% reduction in manpower and a 15% cut in aircraft without significantly weakening NATO's plans for fighting a European war. Baker argued that 25% would sound more dramatic. The President listened closely and asked a lot of questions. Finally, he settled on the lower, safer number. "O.K., I think we can go to 20%," he said. Turning to Cheney, he double-checked. "Now, is 20% all right? You can live with that?" Cheney nodded. "O.K., that's consensus," Bush said...
Kiszczak was elected prime minister August 2, winning a majority in Parliament despite opposition from the Solidarity caucus, which holds 35 percent the seats in the lower house...
...L.D.P. chieftains may like Kaifu's marionette qualities, but the real test for the party will be the next elections for the lower house, which are expected within a year. The opposition parties were quick to decry Kaifu's candidacy as a sign that the L.D.P. would not reform itself along more democratic lines. The L.D.P. hopes that Kaifu, the star of his university debate team, will simply outspeak his opponents...
...capital-gains tax would produce a burst of revenue for the Treasury, helping Congress meet its targets for reducing the federal budget deficit, at least in the short term -- the only term that seems to matter in Washington. During the first few years of a lower tax, investors would rush to realize the appreciation on their stocks and other assets and thus pay taxes on them earlier than planned. Once this spurt of early tax collections was exhausted, however, a lower capital-gains rate would produce much lower revenues...
...politicians had their own Academy Awards, the statuette for cliff-hanger scenarios would certainly go to Poland. Last week the Sejm, the governing lower house of Parliament, tackled the task of electing a Prime Minister to head the new government. President Wojciech Jaruzelski chose Interior Minister Czeslaw Kiszczak for the post. But Kiszczak ran into such fierce resistance from both the Solidarity opposition and some legislators allied with the Communists that frantic politicking continued right down to the wire. Communist leaders pressured their rebellious allies within the United Peasant Alliance, offering important positions and threatening to retract privileges. The tactics...