Word: spurs
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Dates: during 1970-1979
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...peanut storage facility and additional equipment for shelling, drying and handling peanuts. Carter's share of the expense was $208,649, which gave him a $11,675 investment credit that he used to reduce his tax bill. Legislation allowing the credit was first enacted in 1962 to spur business investment in plant and equipment. Last year 1.6 million taxpayers made use of it to reduce their payments by $3 billion...
...Whitehead, senior partner at the Goldman, Sachs investment banking house: "He lives in a political world. He realizes that as head of the Fed he cannot operate in a vacuum." Indeed, Burns has been accused of playing politics-especially of allowing the money supply to overexpand in 1972 to spur the economy and thus ensure the re-election of Nixon. Burns calls the charge ridiculous...
...present 10%, on the value of new plant and equipment. The Senate had kept this provision in the bill, as an alternate to tax credits on newly hired workers, but House Ways and Means Committee Chairman Al Ullman argued successfully in conference that the extra 2% would not spur much investment, because corporations are already flush with cash...
...industry. Farm groups are angry over his penny-pinching proposals to hold down increases in price supports for their crops. On the other hand, businessmen fear that his plans for stimulating the economy, chiefly through a $50 tax rebate for most Americans, will not help the economy and may spur inflation. To add to the worries of the business community, the Labor Department last week announced that wholesale prices leaped 1.1% in March, the steepest increase since October...
...Commitment to a program to spur business investment. It would include an attempt to reduce uncertainties about future Government regulations-for instance, pollution-control standards -that are delaying capital projects, as well as renewed pledges that the Administration's tax reform proposals next fall will contain investment incentives...