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Word: riche (lookup in dictionary) (lookup stats)
Dates: during 1970-1979
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Usage:

...impact aid program, which was originally designed to help communities with military installations. The idea was to compensate such localities, since they could not tax the bases but had to provide many services for federal employees. Gradually, the scope of the program has expanded to give aid to communities?rich or poor ?with just about any kind of federal facility. There is no chance that the program will be reduced, however, since funds are distributed to 411 of the 435 congressional districts. The Administration asked for a cut of $51 million in the $780 million budget for impact...

Author: /time Magazine | Title: The Beneficent Monster | 6/12/1978 | See Source »

...basic rule on capital gains has long been, and still is, that only half of them are subject to income tax; until 1969, the maximum tax on capital gains was 25%. But beginning in 1970, liberals who considered that tax rate to be an undue favor to the rich raised the maximum tax on the biggest capital gams reaped by individuals to 49.1%,* by far the highest rate in the industrial world; the top rate on corporate capital gains is 30%. Steiger would set the clock back to 1969?and a 25% maximum tax for individuals and companies...

Author: /time Magazine | Title: Business: About-Face on Capital Gains | 6/12/1978 | See Source »

...main argument against Steiger is ideological: cutting levies so much for the rich would strike a blow at the whole principle of progressive taxation. The Treasury figures that the Steiger amendment would reduce taxes an average of $14,000 for people with incomes of $200,000 a year or more?and exactly 26¢ for people who earn from $15,000 to $20,000 and rarely get a chance for large capital gains...

Author: /time Magazine | Title: Business: About-Face on Capital Gains | 6/12/1978 | See Source »

...East-West ideological clashes. At conference after conference, LDCs have demanded a "new international economic order" involving vaguely defined transfers of wealth from North to South. Sometimes these demands have focused on acceptance of cartels that would jack up the prices of raw materials, sometimes on insistence that rich countries give preferential tariff treatment to products from LDCs. Poor-country spokesmen have accused multinational companies of ripping off their resources and proclaimed a right to nationalize them, while contending that multinationals have some kind of obligation to step up investment in the LDCs. Through all these assertions...

Author: /time Magazine | Title: Time Essay: The Case for a Global Marshall Plan | 6/12/1978 | See Source »

...that LDCs already receive more than one-third of U.S. exports, including more than 40% of foreign sales of commercial aircraft and electrical machinery. Even the industrializing LDCs that are competing effectively with Northern factories in such products as clothing and shoes, he asserts, buy more from the rich nations than they sell to them. He endorses much more aid to LDCs because he considers them to be potentially "important engines of less inflationary growth for the developed countries...

Author: /time Magazine | Title: Time Essay: The Case for a Global Marshall Plan | 6/12/1978 | See Source »

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