Word: reductionisms
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Dates: during 1970-1979
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A bill exempting colleges from the 6 per cent Massachusetts meal tax will result in a $76.70 reduction in board charges for students this year.
Martha C. Lyman, director of financial aid, said recently that her office sent a notice this summer to students with their financial aid award letters warning them that they many face a reduction in their aid awards to reflect the lower board fees.
Assuming no further cuts are made in 1979 and 1980, the House-passed bills would mean a $15 cut for the single person earning $10,000 per year, a $62 reduction per annum for the four-member family earning $10,000, and $232 per year for the family of four...
The reduction so far reflects mostly a scaling down of income tax cuts planned for next year and the continuing inability of federal agencies to spend money as fast as they are authorized to, rather than any determined slashing of programs. An Administration "hit team" is now examining the 1979...
What can the U.S. do to prop up the dollar? In the long run, only a drop in the inflation rate (currently about 11%) and a further reduction in the trade deficit will do the trick. But there are some immediate actions that could be taken, though all involve difficulties...