Word: taxed
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Dates: during 1980-1989
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...President. Read my lips: he ought to raise taxes. But not much! What's called for is not something so dramatic as to throw the economy into recession. That's the last way to lower the deficit. What's called for is a tax hike that would raise some money (I'll get specific in a minute) and that would lower interest rates by showing the financial markets we have the will to attack the deficit (but the wisdom not to shoot ourselves in the head by attacking it too hard). Lower interest rates would cut the deficit still further...
These two bites -- $40 billion or so from a tax hike and perhaps an additional $10 billion or $20 billion from lower interest rates -- would not wipe out the deficit. But we don't need to wipe out the deficit. At least not by raising taxes. And certainly not by legislating a balanced-budget amendment. And especially not by cutting investment in our future...
...Mike Dukakis again. The man who can win for the Democrats is Bill Bradley. The popular New Jersey Senator is a Rhodes scholar, former professional basketball player, and a highly respected man on Capitol Hill. He has been an architect of progressive policies such as tax reform...
...There could potentially be a tax break," Plympton said. But he said the group's main motive in seeking the easement agreement is to "preserve a building that we think is an important part of Brattle Street...
Although Internal Revenue Service staff said a tax break was only possible if the property was sold, Plympton said the group had no plans to sell the site...