Word: surtax
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Dates: during 1970-1979
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...innovative companies, including Du Pont, A T & T and General Motors, have reduced their energy use relative to their output by 17% to 30% since the Arab oil embargo of 1973; yet many more firms have gone on giddily wasting energy. Consider the beneficial effects of a 20% surtax on the commercial use of electricity: skyscrapers that are lit up all night long and advertising signs that glisten at 4 a.m. would be turned...
Encourage Energy Conservation. Place a 20% surtax on the commercial use of electricity-and watch those all-night lights that make skyscrapers glisten like Christmas trees blink out at 7 p.m. Use at least part of the revenues to increase tax credits for the purchase of insulation and the building of various energy-saving projects. This, in turn, would stimulate capital investment...
...sick and the elderly--would bear the burden of a shrinking federal budget. With interest-group politics at its zenith, the weak and disorganized would, as usual, lose out. According to a Prentice-Hall estimate, for example, the recently passed changes in corporate taxation (from a normal and surtax basis to a graduated tax), will reduce those taxes by about five billion dollars--enough to pay for Carter's job cuts more than five times over...
...Loeb, Thomson has kept the Granite State free of both a sales tax and a personal income tax, the only place in the nation where neither levy is imposed. But this year, shortly before the election, 80,000 utility bills were mailed out across the state with a special surtax to pay for the controversial Seabrook nuclear power plant. Thomson had refused to veto a bill prohibiting that special charge and was suddenly cast as a less vigilant opponent of added taxation than his opponent, Democrat Hugh Gallen. An independent candidate, former Republican Governor Wesley Powell, drained some...
...price of gold without even touching our foreign and domestic deficits? Sure, sell at the market and we could pay the foreign deficits for a couple of years, and then what? What pol would vote to raise interest rates far enough to put us into a depression? Oil surtax? Moderately helpful as it pushes us into depression. There is nothing we can do that won't hurt too much...