Word: reform
(lookup in dictionary)
(lookup stats)
Dates: during 1970-1979
Sort By: most recent first
(reverse)
American voters have come to expect simpler images-and simpler answers-from their politicians than Carter provides. A candidate who tries to appeal to Playboy readers on one hand (see following story) and to evangelicals on the other, who promises tax reform but says he does not know enough yet to provide details, who talks both to God and Rock Superstar Gregg Allman, violates all the unwritten political norms. By appealing to such differing constituencies, he has magnified the uncertainties about his character and positions. Those doubts could cost him an election that seemed to be his for the taking...
First, powerful lobbies attempt to thwart all efforts to get major tax reform through Congress, even though nearly everyone agrees that today's system bad ly needs a total overhaul. Second, re form makes taxpayers themselves uneasy because they are unwilling to give up the certainty of a deduction in return for only a promise to lower tax rates. In Federal Tax Reform: The Impossible Dream ?, Tax Experts George F. Break and Joseph A. Pechman observed: "Circumventing this dilemma is a task worthy of a Solomon...
Treasury Secretary William Simon last year made the most drastic tax-reform proposal of all. He would "wipe the slate clean of personal tax preferences, special deductions and credits, exclusions from income and the like." By his reckoning, the Government could then slash tax rates by almost a third with no loss of revenue...
FORD. He has never committed himself to general tax reform, but would reduce taxes by $10 billion, if Congress agreed to cut federal spending by the same amount. His tax cut would save corporations $2.5 billion by reducing their tax rates to 46%, from 48%, thus encouraging business growth. His proposal would also provide electric utilities with $600 million in tax relief to stimulate expansion of their generating capacity. For individual taxpayers, Ford would increase the personal tax exemption to $ 1,000 a person, from $750, which would cost the Treasury $10.8 billion. But Ford would partly offset the effects...
CARTER. He is pledged to a comprehensive reform that would lower taxes for poor and middle-income people and raise them for the well-to-do. The net result would be to raise the same amount of revenue but with a different tax structure. Carter has not specified whose taxes would be raised, but Running Mate Fritz Mondale said that the basis of Carter's tax policy would be to close the loopholes that aid people with annual incomes of $50,000 or more...