Word: martini
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Dates: during 1970-1979
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...Proposition 13 has become a puzzler for the rest of the nation. Some observers see it as part of a conservative backlash against the welfare state. President Carter says it vindicates his populist view that ordinary folks are rising in wrath against the well-to-do and their three-martini lunches. At the Time Inc. tax conference, Public Opinion Analyst Daniel Yankelovich, who conducts regular surveys for TIME, offered his findings...
...subject of O'Neill's derision was that basic concern of practically every American: taxes. President Carter last winter proposed a tax cut of $24.5 billion to stimulate the economy, as well as a series of controversial "reforms" highlighted by a levy drying up the "three-martini lunch" as a business deduction. But as the economy recovered, the House Ways and Means Committee reduced the tax cut and threw out almost all the reforms as well...
...billion to $15 billion. Meanwhile, the House Ways and Means Committee has scrapped one "reform" provision after another. Deductions have been retained for state and local sales and personal property taxes. A plan to tighten deductions for medical costs and casualty losses has been scaled back. The celebrated "three martini lunch" will remain fully deductible for businessmen...
...lawyers for greed, attacked bureaucrats again, this time for being bureaucrats, accused the Russians of racism and assaulted doctors for associating too closely and raising prices. In his first months, too, Carter and his people potted away at such inviting targets as the oil-and-gas industry, tax-deductible-martini drinkers, Congress, unmarried couples who live together, smokers, tax-depreciable yachts. Carter, it has been suggested, may now be approaching the point where it will be easier to list those he has not officially frowned on-morticians, country singers, Boy Scouts, missionaries and Billy...
Through back-room cajolery, a few public threats and even a martini lunch or two, Bob Strauss has never failed at a public challenge yet. Even with the inflation odds running against him, he is an optimist and just recently he got hold of something in the fog. One morning Strauss told Carter that he was convinced the President's public threats to veto the emergency farm bill had led to the bill's strangulation in Congress, and this gave moneymen hope that Carter was going to be tough, and then this helped rally the stock market. Carter...