Word: surtaxable
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...help finance middle-class relief, the rich would get some form of modest increase. One way would be to boost the top marginal tax rate a few points; another would be to add a surtax on millionaires' income...
...Thanks mostly to a brief rise in the price of crude to a high of $40, those earnings rose 77% above 1989's level. "We are protecting their oil with American boys," complains Senator Howard Metzenbaum, the Ohio Democrat who introduced a bill earlier this month calling for a surtax on the profits of the largest companies. "As quick as Saddam raised his sword, the oil companies raised their prices...
...sweeping attack on environmental problems ever put before voters, but they also turned back a flurry of special interest-backed proposals that would have negated Big Green's impact had it passed. In the blur of clashing TV commercials, citizens turned negative, killing everything from a nickel-a-drink surtax on alcoholic beverages to a sales tax to fund antidrug measures...
...January 1, 1991, language in certain provisions of the Massachusetts general laws relating to taxes shall be the same as it was on August 2, 1989, or the effective date of the proposed law, whichever language yields less tax revenue. The tax provisions affected include sections relating to the surtax on business income, corporate excise taxes, S corporation taxes, taxes on security corporations, taxes on Part A income (in general, unearned income), bank taxes, excise taxes on alcoholic beverages and cigarettes, excise taxes on deeds, estate taxes, payments to the Commonwealth relating to horse and dog racing, payments...
...negotiations, though he and chief of staff John Sununu had both been cast in messenger roles because their aggressive arm bending in support of the budget summit's package had alienated many Republicans and most of the Democrats. Gephardt told Darman that the Democrats would give up the surtax in exchange for a tax-rate increase for the rich and a phaseout of their personal exemptions, along with a 5 cents gas tax hike and a new capital gains top rate of 28%. Speaker Thomas Foley followed up later with a call to the President, who accepted the plan...