Word: neutralize
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Dates: during 1980-1989
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...such a hideous snarl. By Treasury count, under the new plan, "more than 65 categories of preferential tax treatment would be eliminated or curtailed." Just describing what they are is no easy task. Another reason is that the plan is balanced on a knife edge to make it "revenue neutral." To offset the sweeping reductions in individual and corporate tax rates, Treasury planners had to come up with some complicated revenue-raising ideas. One particularly involved provision would tax businesses on sums they had deducted under current depreciation rules. It was added just days before the package was announced largely...
Reagan says his plan is "revenue neutral," that is, in any one year it is supposed to increase or reduce federal tax collections no more than 1.5%, compared with what they would be under present law. To pay for the lower individual rates, Reagan would eliminate the deductibility of state and local taxes, including those on income, sales and property, and substantially increase the tax burden on business. Overall, corporations would pay 23% more...
...October 11: all nine club presidents meet with Epps for three hours at the Faculty Club, for the first time formally considering admitting women. No consensus is reached. Significantly, Epps departs from his neutral stance and attempts to persuade the clubs to admit women on a variety of economic, social, and moral grounds. He asks that they consider "women's increasing role in society" and suggests that women's membership will enhance, rather than constrain, their social events and general well-being. No consensus is reached by the club presidents. Epps tells The Crimson "the presidents are all very troubled...
...chances that the bill could be a revenue loser. The President has told us that it cannot lose revenue. He doesn't want it to gain revenue, but he doesn't want it to lose revenue. So we've been working very hard to make sure it is revenue neutral. If we end up (in Congress) with something that is unacceptable, I suppose the President would do whatever he thinks would keep it from becoming...
...from many Costa Ricans, including several Legislative Assembly deputies, who are incensed that 21 U.S. military trainers recently arrived to instruct 750 civil guardsmen. Both U.S. and Costa Rican officials say that the three-month program is nothing more than routine police training, and insist that Costa Rica's neutral status (the country has no armed forces) will not be affected. But many in Costa Rica fear that the U.S. presence might signal the first step toward forming an army...