Word: refundable
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Dates: during 1970-1979
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...Deal. Generally, the price cuts are focused on the industry's glut of small cars. Typically, models carrying a list price of about $3,000 bring a $200 rebate, and those costing $4,000 or more a refund of up to $600. Under the GM plan, customers will get a rebate of $200 on compacts and subcompacts, including Chevrolet's Vega and Oldsmobile's Omega. Buyers of Chevrolet's sporty new Monza 2 + 2, or Buick's Skyhawk will receive $500. Ford is offering $200 on small economy cars such as the Pinto...
...many people questioned the logic of the program. A homeowner in suburban Wilmington, Del., sarcastically observed: "I think it is a fine plan. I am going to put the refund in the bank and use it to pay the gas tax." The Wilmington Evening Journal criticized the plan as "somewhat circular. The ordinary taxpayer is apt to get a bit dizzy watching that circle revolve...
...reform also is needed to sustain the upward economic momentum started by a refund of 1974 taxes. As a down payment on comprehensive tax reform, withholding tax rates should be reduced through a formula equivalent to the $70 income tax credit for each member of a family, up to a maximum of $375 per household, as suggested by the President's Labor-Management Advisory Council...
...American motorists and buyers of other petroleum products. Gulf protested that the transactions between its subsidiaries were entirely proper. It will have ten days to persuade the FEA of that; if it can not, the agency can order gasoline and other product prices cut deeply enough to in effect refund the overcharge. The case is the first of several that FEA expects to bring against major oil companies. Charles Owens, FEA price-control chief, suspects that the oil giants as a group have made overcharges totaling as much as $150 million...
...cent rebate and the total sales volume are increases over last year's figures. Last year's total sales reached $18.9 million, giving members a refund of 6 per cent on their Coop purchases...