Word: repays
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...Spiro Agnew, as Governor of Maryland, did take kickbacks from contractors-and some of the money was paid to him in his Vice President's office at the White House. Now he must repay the state $248,735, representing kickbacks of $147,500 plus $101,235 interest computed at 6% a year. So ruled Bruce Williams, a Maryland state judge, after a one-week civil trial that in effect replaced the criminal trial Agnew escaped when he resigned as Vice President in October...
Agnew will appeal the verdict. Even if he loses, he will not suffer too much financially. Should he have to repay the $248,735 to Maryland, Agnew, who now lives in Palm Springs, Calif., presumably could claim the full amount as a federal tax deduction against the high income he is said to earn putting together international investment deals. On that, as on all other matters involving the case, Agnew had no comment. As he might have put it in the alliterative rhetoric of his vice-presidential years, he sustained a stonewalling stance of sullen silence...
...large amount of the money from any tax cut into savings. Treasury Secretary Donald Regan points to a new survey by the U.S. Chamber of Commerce that shows that 82% of taxpayers would use at least some of the money from a tax reduction either for savings or to repay debts. Many of those polled said they would save at least half the money...
...that system of public support ever since. Now, as President, Reagan wants to eliminate the "legitimate fraud" of people who, he says, are fit to work but who qualify for the dole. His solution: workfare, a program in which able-bodied welfare recipients take community public service jobs to repay part of the value of their benefits...
...international finance operations, and 19 other bankers and attorneys took their places at 11:00 a.m. in a seventh-floor State Department conference room with Miller and Secretary of State Edmund Muskie. The new offer looked interesting. Bank Markazi suggested that when the Iranian funds were unfrozen, it would repay with interest outstanding loans that had been negotiated with about 100 international banks during the Shah's regime. In addition, Iran agreed to set up an escrow account to pay off other loans. An escrow account is a bank deposit that is controlled by a third party until certain...