Word: neutrality
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Dates: during 1980-1989
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Formally, the tax reform and budget-cutting plans have nothing to do with each other. On Reagan's orders, the Treasury designed the tax overhaul to be "revenue neutral." Though there would be major shifts in who pays how much tax (generally, individual taxpayers would pay less and corporations more), total revenue would be approximately the same as under present law. Thus the tax changes would supposedly have no effect on the budget deficit, now estimated at $200 billion or more for the foreseeable future; their justification is that they would make the tax system simpler and more equitable...
...United States is officially neutral in the race for 15 seats in the British-style Parliament, but its obvious preference to win Grenada's first election since 1976 is 66-year-old moderate Herbert Blaize...
...Yale administration has proved no more forthcoming on the central controversy over comparable worth, the principle that equivalent work merits comparable pay. Yale has yet to successfully counter the evidence of substantial salary discrimination by race and sex provided by neutral Yale economics professor Ray C. Fair. According to the union, white male white collar support staff members make, on average, $14,324. Black women in the same types of jobs make $12,603, despite an average of 1.4 years greater experience at Yale. The university's own figures show no such discrimination, but also fool...
...major congressional plans suggest three at most, with the highest at 30%. The Treasury report, which will be given to the President next month, is expected to lean toward some such modified flat tax. Like most of the proposals, the Treasury plan presumably will be "revenue neutral"; it will net the Government the same amount of money as does the existing tax. Reagan recently repeated his campaign pledge that tax reform would be used as a disguised tax hike "only over my dead body...
...perceived. Some see the huge deficit as that crisis and the need for Government revenue as a spur to help solve the problem. Contends Tax Lobbyist Charls Walker, a former Treasury official: "Fundamental tax reform can only be passed as part of a major deficit-reduction package. A revenue-neutral plan has no chance." That view could prove too gloomy, but if tax reform is to have a chance, the President will soon have to take the lead-and the heat...