Word: repeals
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Dates: during 1970-1979
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...Repeal of two federal statutes that have enabled 36 states to enact misnamed Fair Trade laws. These laws permit manufacturers to set minimum retail prices on nationally advertised merchandise; they prevent storekeepers from discounting prices on products ranging from bow ties to TV sets. Sweeping such laws away would save consumers $2.1 billion annually, estimates Republican Senator Edward Brooke of Massachusetts, chief sponsor of the federal repeal bill...
...only does 90 per cent of the city's population rent, a large proportion of its wealth is tied up directly or indirectly (through property taxes) in its housing supply. The present rent control law ends this year, so the state legislature must decide on its extension, amendment or repeal in the coming months. To aid in this decision, the Massachusetts Legislature commissioned the Harbridge House report. To the same end, the Greater Boston Real Estate Board funded George Sternlieb's investigation...
Moving in fits and starts, and fending off more than 100 often spurious amendments, the Senate last week approved the largest tax cut in U.S. history. Coupled with a historic repeal of the 49-year-old oil-depletion allowance for all but the smallest independent oil producers, the $33 billion tax-relief bill must now be compromised with a similar, although smaller $21.3 billion cut approved by the House. Under heavy pressure from the White House to act speedily to spur the nation's depressed economy, congressional leaders hope to present President Ford with a final tax package this...
...Senate Finance Committee, chaired by Louisiana Democrat Russell Long, a veteran champion of the oil-depletion allowance, had produced a bill with no depletion repeal in it. Leading a successful floor fight to knock out the allowance for all but the smallest independent oil producers were Ernest ("Fritz") Rollings, a South Carolina Democrat with vice-presidential ambitions, and Massachusetts' Edward Kennedy. They were sharply opposed by Texas Democrat Lloyd Bentsen, an announced presidential candidate and friend of the oil producers. Certain that depletion was politically unsupportable in the face of soaring oil-company profits and that its repeal would...
...same time, Ford wrung a promise from Democratic leaders to try to persuade rank-and-file congressional Democrats to separate a controversial provision repealing the oil depletion allowance from a $21.3 billion tax-reduction bill intended to stimulate the economy and help bring the recession to an end. Liberal Democrats in the House had insisted on tying the two measures together, even though their leaders had warned that the debate over depletion repeal might delay swift passage...