Word: reductionisms
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Dates: during 1970-1979
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Most key White House officials now agree that a moderate tax reduction of, say, $10 billion to $15 billion would get a swift and needed injection of purchasing power into the economy. There was also general agreement at Vail to pair such a tax cut with an energy-conservation package...
Basically, what emerged from Vail was a general agreement within the Administration to deal with the imports problem through a market approach. In essence, that means reliance on higher oil prices to encourage both a reduction in consumption and a sharp step-up in efforts to develop new domestic sources...
At very best, however, the State Department reckons that OPEC would not break up for another two to four years?and probably not even then. It has not been at all damaged by a world oil surplus of one to two million bbl. a day, which has shown up because...
The Boston physicians base their conclusion on a study of 792 skiers injured at Vermont's Mount Snow during the 1972-73 season. The current rate of 3.4 injuries per 1,000 skier-days was virtually the same as that observed at the same mountain in 1960-61. But...
Whether that much of a cut is sufficient is arguable. Otto Eckstein, a member of TIME'S Board of Economists, would favor a tax cut of up to $25 billion. Brookings Institution Economist Charles Schultze agrees. He estimates that in today's $1.4 trillion economy, a tax cut...