Word: maximum
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Dates: during 1970-1979
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...increase was needed to rescue the Social Security system, which was rapidly going bankrupt. But the boost outraged many Americans, especially those who pay the maximum levy for Social Security ($1,071 this year) and resent the fact that they are paying an increasingly large share of the nation's taxes. According to the Treasury Department, the most affluent households-those with annual earnings of $17,000 or more-received half of the nation's personal income in 1976 but paid 70% of all federal, state and local taxes, up from 68% in 1970. Next year the maximum...
...utilities in eleven states have proved to be skilled improvisers. About 15% of the East-Central region's electrical power is now being "wheeled in," that is, imported from other grids that have plenty of coal or rely on other fuels. But the borrowing has now reached a maximum. Some grids are showing signs of strain from switching their transmission and generation patterns, and a massive blackout is always possible...
...student aid package was originally proposed by President Carter. Sen. Clairborne Pell (D-R.I.) and Sen. Harrison Williams (D-N.J.) are leading the fight for a somewhat modified version of the bill in Congress. The bill as it stands now would increase the maximum award under the Basic Educational Opportunity Grant program (BEOG) and would extend eligibility for those grants to the $15,000 to $25,000 income range for the first time...
...range, as much as 37 per cent would go to those earning over that amount and only 13 per cent to families earning less. Opponents of the tax credit say more good can be done by giving bigger grants to a smaller group of people than by giving a maximum of $250--which hardly makes a dent in most term bills these days--to almost everyone with a child in college...
...interest in which bill passes and is lending its voice, along with those of other expensive schools, to support the student aid bill. Gibson says the increased funding for the SEOG program and the Guaranteed Student Loans are particularly helpful for students in such schools. The BEOG has a maximum grant and is not affected by the cost of the school the student attends, but the SEOG money goes directly to the schools to allocate as part of their financial aid program and is therefore sensitive to the costs of each school. Most students in higher-cost schools borrow money...