Word: taxed
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Dates: during 1980-1989
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Voke thus positioned the House leadership on the side of what many House members believe is the prevailing popular sentiment against any tax increase. The House budget plan presents members with a clear alternative to the higher spending and $604 million tax increase advocated by Dukakis...
After expediting his budget plan through Ways and Means with little opposition and without debate, Voke told a crowded news conference that his goal is the downsizing of government, arguing that continuing present trends would require annual tax increases...
...public be paying for these rich peoples' mistakes?" Yet legislators and savers were relieved that Bush repudiated a proposal that his Administration had floated two weeks earlier: to levy a fee -- 25 cents for each $100 of deposits -- on all insured accounts. That ploy was widely seen as a tax in everything but name. The short-lived proposal was so distasteful that it made Bush's new plan seem all the more palatable. Said Fred Dorey, a Los Angeles medical statistician: "We were going to pay for it one way or another. At least the banks have to pay some...
...intends to take over the 224 most hopelessly insolvent S & Ls within the next month. The FDIC also decided to freeze temporarily all negotiations for the sale of ailing thrifts. Last year the FSLIC completed a flurry of deals -- 34 in December alone -- in an effort to offer investors tax breaks that expired on Dec. 31. Because of the rich payoffs guaranteed to investors in those deals, they were highly controversial. Said L. William Seidman, chairman of the FDIC: "Before we go forward, we are going to evaluate, along with the FSLIC, where we stand...
...more expedient to sell them to private investors or merge them with healthy thrifts. Bank Board Chairman M. Danny Wall sharply stepped up the tempo of such sales last year, selling or liquidating more than 200 thrifts at an estimated cost to the Government of $39 billion in tax breaks and other incentives extended to the buyers. Critics contend that the regulators were taken for a ride. Fumed Iowa's Leach: "The dealmakers are laughing all the way to the piggy bank." But Wall staunchly defends his deals as the lesser of evils. "I much prefer to be damned...