Word: prereform
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Federal tax reforms, which went into effect this year and provided a disincentive for giving, spurred a prereform onslaught of donations last December, financial officials said...
What has been the situation in the operations of the Postal Service? Federal fiscal year 1971 was the last year under the "prereform" postal system, the long-existing system under which postal rates and postal expenditures were set by Congress. Fiscal year 1972 was a period of transition. In fiscal year 1973, the first year of full operation, the "reform" postal system generated a deficit of $13 million. In fiscal year 1974, the deficit had swollen to $438 million; in fiscal year 1975, which ended this summer, the deficit was $825 million; and in the current fiscal year, which will...
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