Word: taxed
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Dates: during 1980-1989
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...provision sure to draw a legal test on separation of church and state, the bill would issue vouchers to parents for use in day-care centers that offer religious instruction. To win the support of Republican Senators, ABC would create a tax credit for the costs of care and child health insurance, adding to the federal deficit as much as $10.3 billion in lost tax revenues in five years...
...proceed with the merger in the face of the Paramount attack, Time abandoned its earlier plan for a debt-free, tax-free stock swap with Warner, and instead launched a $70-a-share tender offer for 100 million of Warner's nearly 200 million shares. That would buy Time a controlling interest in its merger partner; the remaining Warner stock will be acquired later in exchange for cash and securities. The deal will cost Time the kind of debt it and Warner had hoped to avoid -- somewhere between $7 billion and $14 billion. Unlike the original Time-Warner arrangement...
...probably not want to buy methanol cars until the fuel was widely available, and gas stations would probably not install methanol pumps until large numbers of cars using that fuel were roaming the roads. Moreover, Bush ducked the single most effective device for lowering gasoline usage: a hefty gas tax, which would also serve to reduce the deficit...
...veto, House Democrats attempted to override the President's decision. But the tally -- 247 to 178 -- fell 34 votes short of the two-thirds needed for approval. A solution to the deadlock may lie in a House proposal to combine a smaller increase in the minimum wage with new tax breaks for low-income workers, an approach that Bush supports. The House plan, proposed by Wisconsin Republican Thomas Petri, would expand the earned-income tax credit. The tax rule allows poor working families to take special deductions of as much as $874 a year; Petri has suggested boosting the ceiling...
RENT SUBSIDIES. A program to provide subsidized housing was turned into a treasure trove from which millions of dollars in rent subsidies, tax credits and consulting fees were doled out to prominent Republicans and a handful of rich developers. Pierce stood idly by as his executive assistant, Deborah Gore Dean, 35, turned over contracts to firms that enlisted Washington insiders as consultants. They included Dean's close friend former Attorney General John Mitchell and former Interior Secretary James Watt...