Word: taxed
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Dates: during 1980-1989
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...move was a tacit admission he did not have the votes for the original, retroactive capital gains tax increase, and the defeat indicated Keverian was in trouble with other key provisions...
After the defeat, the House, which planned to work through the weekend on the tax package, recessed until Tuesday and sent the bill back to the budget-writing Ways and Means Committee for reworking...
Keverian (D-Everett) had taken to the floor and promised to back amendments to make the capital gains increase effective Jan. 1, 1990, instead of retroactive from Jan. l, 1989. He also promised to support an investment tax credit and a capital gains exemption for owner-occupied single-and multi-family homes, up to four families...
...promises weren't enough to bring victory, as the House voted, 94-64, to knock the capital gains tax increase out of the huge tax package. The House, on a 93-65 vote, refused to reconsider the decision...
Earlier, the speaker had promised members he would scale a sales tax increase back to one cent, instead of two cents, in another compromise aimed at getting a majority of the 160-member House to pass some from of tax package and send it to the Senate, where support for higher taxes is stronger than in the House...