Word: rossana
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Dates: during 1980-1989
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...other taxes. They are doing this to make up for revenue lost to the recession and reduced handouts from Washington. Says Stephen Meyer, an economist with the Federal Reserve Bank of Philadelphia: "It looks like rising state and other taxes will virtually undo the federal tax benefit." Adds Robert Rossana, an economics professor at Pennsylvania State University: "The net benefit of the federal tax cut will be very small for the large majority of U.S. taxpayers. It would take only a little bit of action by state and local bodies to wipe...