Word: spurred
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Dates: during 1970-1979
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...spend, in the hope that their buying would lift the economy; business spending to build new plants, modernize machinery and introduce new products was expected to follow automatically. But investment now is very low, and the absorbing question of tax policy has become how to design cuts to spur the largest rise in investment. Or, to put it another way, how to remove obstacles that the tax code puts in the way of investment. As Robert Anderson, president of Rockwell International, explained: "If I had a partner who put up all the money, took all the risks...
...know what kind of tax changes, if any, would do that, be cause economists are most uncertain what is causing the current slowdown in productivity. His view was disputed by several other speakers, but Pechman has a point: Congress is unlikely to find the best mix of policies to spur investment on its first try this year, and a long period of tinkering probably lies ahead...
...vote was also a setback for New York Republican Representative Jack Kemp, 43, who has staked his promising career on the issue of a sweeping 33% reduction in federal personal income taxes over a three-year period. Kemp argues that the cut would be such a spur to the nation's production that the Federal Government would soon recover much of the revenues lost by the cut -a prospect that critics sneeringly refer to as a "free lunch." Under Kemp's prodding, many G.O.P. candidates are seizing on the issue; this fall the Republican National Committee plans...
...seems fitting that two self-confident businessmen from rural backgrounds, who had initially sought success by going to military academies and who styled themselves economic moderates and social liberals, should hit it off. Miller faced a tough grilling by the Senate Banking Committee about bribes paid by Textron to spur sales of its Bell helicopters in Iran. His cool, precise answers convinced all the Senators except Chairman William Proxmire that he had had no idea that the Shah's brother-in-law was the secret owner of a company to which Textron paid commissions. Some documents that subsequently came...
...taxes relative to commercial-industrial properties, since private residences change hands more often than factories and office buildings; with each sale, a property may be reassessed and its taxes may rise. Says Heller of the disparity: "An abomination." Weidenbaum counters that "by reducing business costs, Proposition 13 ought to spur business expansion and employment." Sprinkel favors a proposal defeated by California voters in 1973 limiting total state spending to a fixed percentage of personal income in the state. Both Sprinkel and Weidenbaum also argue that federal income taxes ought to be indexed to inflation. Otherwise, says Weidenbaum...