Word: oiling
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Dates: during 1980-1989
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...contras.Supports Arias peace plan. DEFICIT: Willreduce the deficit by up to $40 billion per yearby freezing military spending and imposing an oilimport fee. EDUCATION: Says federalgovernment should give matching funds to parentswho invest money in accounts specifically fortheir children's education. TAXES: Favors a$5-a-barrel oil import fee, against raising taxes.TRADE: Sponsored legislation that allowsthe U.S. government to place tarrifs on theproducts of any nation that fails to provide fairtrade opportunities...
...raise taxes to reduce budget deficit. Opposesbalanced budget amendment. EDUCATION:Favors federal grants to school districts forimproving science, math and foreign languageeducation, and grants to business for instructionin technology. TAXES: Will raise taxes onfamilies earning more than $200,000, increaseliquor and tobacco taxes, and supports a$10-per-barrel oil import tax. TRADE:Against all protectionist policies, calls fortightening sanctions against nations that violatefree trade practices...
...DEFICIT: Would raise taxes onthe wealthy and cut defense spending. Suggestsforming an American investment bank that wouldborrow from private pension funds to financepublic programs. EDUCATION: Would combatilliteracy and improve standard of education byincreasing federal funding by $10 billion dollars.TAXES: Will keep the 38.5 percent incometax bracket and implement an oil import tax andexcise tax on luxury goods. Would severely limitdeductions for business meals and entertainment.TRADE: Favors the Gephardt amendment, butacknowleges that it would draw criticism fromabroad. Wants to improve international tradeunions to help workers in developing countries...
GEPHARDT offers specific solutions to our nation's problems. Unlike other candidates who advocate big spending and, at the same time, call for a balanced budget, Gephardt has proposed an oil import fee as a means of rasing revenue. Although it is not popular in New England, he has continued to advocate it as sound economic policy, as well as sound energy policy...
...means to pay for past sins. Just two months after the company agreed to pay Pennzoil $3 billion to end their epic legal battle, Texaco last week consented to shell out $1.25 billion to settle another dispute -- this time with the U.S. Government. Texaco is one of seven major oil companies accused by the Department of Energy of overcharging customers between 1973 and 1981, when federal oil-price controls were in effect. The $1.25 billion penalty is the largest imposed so far against a single company...