Word: repeals
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...Treasury Department urged Congress to repeal the withholding tax. Treasury officials want to sell foreigners more bonds as a way of reducing the interest rates that the Government pays to finance its deficit. Part of Treasury's motivation is political. The last thing Reagan needs in an election campaign is rising interest rates...
Many of the big revenue increases result from the repeal or postponement of pending tax cuts from earlier legislation. The 3% federal levy on telephone bills and present tax rates on inheritances, gifts and "windfall" oil discoveries will all be kept for at least three more years. Under old law, beginning in 1985 savers would not have been taxed on 15% of their net interest income up to a maximum of $450. Now they will lose that break. On the whole, says one Administration official, the bill "is not so much a tax increase as an averting of tax losses...
Morita has already found a way to blunt the issue. He told the state of Indiana that he would build a $20 million videodisc manufacturing plant if it would promise to repeal its unitary tax. Though the legislature had adjourned for the year, leaders signed a document in favor of Morita's proposal. The new plant is expected to provide up to 150 jobs in depressed Terre Haute, where the unemployment rate is 11.9%. Says Terre Haute Mayor Pete Chalos: "It was a matter of deciding that we wanted Indiana to be a place where we would see more...
...Maine, New Hampshire and Vermont are even considering combining their lotteries into a more tantalizing tristate pool. Last week lottery supporters in California gave state authorities the required petitions to put a lottery proposal to a November vote. In Florida, Lobbyist Jay Kashuk is leading a petition drive to repeal a state ban on lotteries...
...stores, banks and public offices were closed and shuttered. In Nancy 10,000 marchers took to the streets, in Longwy 15,000, in Metz 20,000. In a dramatic climax to nearly a week of unrest, the entire region was delivering an ultimatum to President François Mitterrand: repeal a draconian restructuring plan, announced two weeks ago, that would eliminate 25,000 of the stricken steel industry's 90,000 jobs...