Word: reductionism
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Dates: during 1990-1999
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In the long, happy sessions spent dreaming about what he would do when he was king, Gingrich put everything on the table. At one "ideas meeting" of GOPAC charter members, he suggested that the government should offer an $8 billion reward, tax-free, to the first private enterprise that could...
To defang government, Gingrich would defund it. He and his party are insisting on $245 billion in tax cuts as a centerpiece of their effort. But is this great tax reduction flowing back into the pockets of all Americans? No. The tax reductions were, in part, a sop to the...
The G.O.P. revolutionaries have also voted to reduce taxes on the less than 1% of Americans who inherit property worth more than $600,000, a reduction that would cost the Treasury $27 billion during the next decade. Capital-gains-tax reductions directly benefit only the 7% of mostly wealthy households...
In a move that stunned marketwatchers and brought some much needed holiday cheer to consumers, the Federal Reserve Board lowered by a quarter percentage point the federal funds rate, the interest that banks charge one another on overnight loans, from 5.75 percent to 5.5 percent. The key rate effects borrowing...
Fearing that a prolonged budget battle could kill the bull market, several major corporate business leaders took out a two-page ad in today's New York Times urging Washington to end the stalemate. The ad, which was published in the form of a letter addressed to President Clinton, Sen...