Word: maximum
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Dates: during 1970-1979
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...Teddy Kennedy, the leader of the Senate's liberals, backed tax relief for companies. While he opposed any easing in the capital gains, he proposed an even deeper cut in the 48% tax on corporate profits than the House passed last month. The House voted for a 46% maximum, but Kennedy wants it pulled down...
...profits realized on the sale of stock, real estate, businesses or almost any asset held for twelve months or longer. As late as 1969 the lid on this tax was 25%; one of the supposed triumphs of the loophole closers of the mid-1970s was to raise that maximum to 49% now, and as recently as a year ago the Carter Administration was preparing a proposal to tax capital gams at full ordinary-income rates, which would have meant a doubling of levies on many small and medium-size gains. Then Wisconsin Republican William Steiger, a panelist at the Time...
...years from a debilitating illness that makes speech and movement difficult. He speaks and acts through surrogates, and his insistence in staying on for one more term has led many experts to believe if elected that he will serve only till February, when he will be eligible to collect maximum pension...
...including a CB radio and antenna, plus a chance to compete for the grand prize of a Datsun 280Z, a $5,000 personal appearance contract and an all-expenses-paid vacation for two in London. Sample: "Amigo, knock the slack out, turn on your ears to the 40-channel maximum, legal power ... Stop walkin' the dog, gettin' bad scenes, signal dropout and bleedovers. Why be a tweakie...
Although the punitive-minded want higher maximum sentences, much can be gained by a rigorous and consistent imposition of sentences already set. It is possible to argue endlessly about the two central questions surrounding the death penalty: 1) Does it deter? and 2) Is it moral? But the great importance of the issue is symbolic. The argument would tend to abate if the courts worked better at imposing noncapital penalties. On the other hand, restoring capital punishment would produce a moral mess. It would open the U.S. further to charges of racism and hypocrisy; every time a black...