Word: taxed
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Dates: during 1980-1989
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...adjoining Grand Central Station. It was typical of the kind of deal that Trump now calls "my favorite art form." An unknown and unwealthy hustler of 30, he had to persuade some bankers to lend him $80 million (he did) and some politicians to give him a $120 million tax abatement (he did). It did not hurt that Fred Trump was a regular contributor to the Brooklyn Democratic machine, or that Governor Hugh Carey and Mayor Abe Beame both happened to be Brooklyn Democrats, or that Trump put Carey's chief fund raiser on his payroll. Young Trump also...
Troubles have been unending. After much maneuvering to get NBC to move its headquarters into what Trump originally called Television City, the network decided to stay in Rockefeller Center. Mayor Ed Koch rejected Trump's demands for a 20-year tax abatement, mocking the builder as "piggy, piggy, piggy." Trump in turn called Koch "incompetent" and "a moron," and threatens to help anyone who can unseat him in next fall's election. Citizens' groups on the West Side mounted major opposition, charging that the project would cast a deep shadow over a large area...
...benefits from Medicare and Medicaid, rent subsidies and food stamps, the U.S. Census Bureau calculated that 27.6 million Americans, 11.6% of the population, lived below the poverty line in 1986. Previous computations placed the number of impoverished at 32.4 million. The study found Social Security more effective than the tax system and need-based welfare programs in lifting Americans out of poverty. This will doubtless strengthen Social Security's resistance to the budget...
...suggested swapping debt for the creation of an antidrug fund. Under the scheme, debts held by overseas commercial banks would be handed over to the central bank of the debtor. The commercial banks would be able to write off the debt as a loss and donation for tax purposes, while the debtor country would put a percentage of the debt into a local currency deposit. The interest would be directed into an antidrug fund for financing crop substitution and other development projects in areas where cocaine is produced...
...stock scheme has rocked the government of Prime Minister Noboru Takeshita. Though he has not been directly implicated, his approval rating plunged in December to less than 30%, the lowest level in his 14 months in office. The scandal seemed to magnify public displeasure with Takeshita's sweeping tax-reform bill, including a 3% national consumption tax, which he pushed through the Diet, Japan's parliament, in December...