Word: maximum
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Dates: during 1970-1979
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...cash grants. State and local governments would get $2 billion of extra revenue-sharing money to help pay their higher fuel costs. Homeowners who invest in insulation, storm windows and doors, and other fuel-saving equipment could deduct 15% of the cost from their tax bills up to a maximum of $150; the total tax saving would be $500 million. That still leaves $3 billion, which the Government will "reserve" to pay its own higher fuel and electric costs...
...rebate to lower-and middle-income taxpayers, partly for reasons of equity, partly because those people can be more reliably counted on to spend the money rather than put it in the bank. Congress might, for example, make the rebate 16% instead of 12%, but set the maximum lower than...
...Conservation in existing structures will be encouraged by a probable 15% tax credit on home investments in insulation up to $1,000, meaning a maximum homeowner receipt of $150. Savings...
...reasons the President's first energy program was so lackluster is that a comprehensive study?Project Independence?had not been completed prior to the message. In contrast to Richard Nixon, who liked to rush up instant cures for maximum effect, Ford prefers to analyze a problem systematically, however deliberate his pace. As the recession deepened, he continued to listen and prepare for more expansionist policies, as some of his advisers urged. To his credit, he continued to take sometimes uncongenial action against inflation. He pocket-vetoed the cargo preference bill, which would have vastly increased the price...
...manner of speaking. Joe Woolley, former coach at Ball High School in Galveston, Texas, where Jackson and Phillips were students, pleaded no contest to a misdemeanor charge. He had upped their class ranking, said Woolley, simply to make them eligible for athletic scholarships under N.C.A.A. rules. The possible maximum sentence was $1,000 and a year in jail. Woolley was fined all of $25. District Attorney Ron Wilson, who recommended the wrist-slap approach, explained, "I can't think of a more laudable reason to do wrong than to try to help a young kid." Besides, said...