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...such band-aid is the circuit-breaker for property tax relief--when the state runs a surplus it gives the money back to home-owners, scaled according to need. This is all well and good--we don't want the corporations to reap the windfalls as they did from Proposition 13. But circuit-breakers only divert time and attention from the real structural inequities in the tax system--the loopholes for the rich, the abatements for the corporations, the regressiveness of using tax incentives and credits to execute policy...

Author: By Tom Blanton, | Title: Hey, Good Lookin', Whatcha Got Cookin'? | 10/7/1978 | See Source »

...short-term pleasure, we will reap long-term pain. But if we sow short-term pain, we will reap long-term pleasure...

Author: /time Magazine | Title: Education: Quotations from a Spellbinder | 7/10/1978 | See Source »

Apartment dwellers in three large complexes near San Francisco may reap a dividend from the tax cut: their landlords have promised to reduce rents. To pass along his tax savings, one apartment-house owner pledged to lower rents $30 a month for 1,000 tenants. San Jose Businessman Larry Whitaker, president of Halcyon Communications, Inc., said he would prorate his own $18,921 property tax cut among his 150 California employees. The Bank of San Pedro knocked ¼% off its consumer loan rate in a similar move to distribute its tax benefits...

Author: /time Magazine | Title: Nation: Coping with the Tax Cut | 7/3/1978 | See Source »

...have considered legislation to allow cultivation of two or three marijuana plants for personal use, and some observers think the bills might be approved next year. If so, backyard gardeners might replace big-time growers in the booming pot trade. Until then, pot farmers in the Northwest stand to reap a bundle this fall from bumper crops?if they don't get bumped off first...

Author: /time Magazine | Title: Where the Grass is Greener | 6/12/1978 | See Source »

...reasonable and customary" fees, which in practice has meant just about anything that a doctor or hospital can get away with. Carter last week pleaded with Congress to pass a bill he sent up last year setting a ceiling on the increase in revenues that any hospital could reap (9% the first year, less thereafter...

Author: /time Magazine | Title: Business: Next Round Against Inflation | 4/24/1978 | See Source »

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