Word: taxed
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Dates: during 1980-1989
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...combine forces against foreign competition. Dukakis favors tougher enforcement of safety and environmental regulations, along with compulsory health insurance for workers that would be funded by companies. These are all worthwhile goals, but they will impose new costs on business, which, unless they are offset by new federal tax breaks, will hurt competitiveness...
...Stimulate investment and civilian research and development. The investment tax credit, which was eliminated in the 1986 tax-reform act, should be restored -- as long as consumption taxes are levied to make up the revenue loss. Companies should receive credits for investments not only in plant and equipment but also in human capital, like spending on worker training. Perhaps a third of the Pentagon's research and development should be gradually shifted to projects with commercial value...
...weaker than they were before the raid. The solution is not to ban all hostile takeovers, which would allow some ineffective chief executives to remain entrenched for life. But the Government could put restrictions on the amount of debt that could be accumulated to finance takeovers. In addition, the tax deductibility of interest payments on that debt could be limited...
...great artists of the 19th century have been done over the past decade: Cezanne, Manet, Courbet, Van Gogh, Gauguin -- and now Edgar Degas. We may deplore the crowds at these shows, the souvenir selling, the social circus and the TeleTron tickets at up to $7.75 apiece, an outrageous tax on knowledge. Earplugs -- preferably not attached to Acoustiguide gadgets -- and yogic detachment are needed. There are, as crusty old Degas said, some kinds of success that are indistinguishable from panic. But such shows will not be repeated in our lifetime...
...year after Black Monday, the worst day in Wall Street history, an unsettling question lingers: Could it happen again? Yes, answers a senior partner in the Lazard Freres investment banking firm and one of the most respected members of the financial community. The securities markets and the tax system must undergo fundamental reforms, he maintains. Otherwise, inadequate regulation, excessive speculation and overuse of credit could bring on a banking crisis and a stock collapse more damaging than the Crash...