Word: taxed
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...Gramm-Rudman-Hollings meatax. Addressing the American Farm Bureau Federation in Atlanta last week, he advocated economies across the board, sparing neither social programs nor Reagan's sacred defense buildup. He has also been prodding the White House, which distrusts Dole because of his skepticism about supply-side tax cuts, to be more realistic. Though he insists he will no longer lead the crusade for additional taxes ("I'm going to let someone else take the beating"), Dole clearly wants to change Reagan's mind. "Now I may be at odds with the White House," he says...
...TIME board members were divided over the issue of whether Europe could stimulate its economies more without risking higher inflation. Mast pointed out that West Germany, Britain and France have already introduced tax cuts. Any stronger measures, he indicated, could bring about more price increases and higher interest rates. Mast was backed by Samuel Brittan, an assistant editor of the Financial Times London, who felt that government action push growth would result in "some of the inflationary dangers that made our flesh creep a few years...
WEST GERMANY. Giersch called 1985, when the economy expanded by 2.3%, a disappointing year. But growth in 1986 is expected to swell to 3%, largely on the basis of a doubling of private consumption, from 1.5% to 3%. Consumers will get the first of two planned tax cuts, and wages are expected to rise by around 4% this year. Giersch expects labor leaders to call for larger increases in 1986. Since an election is coming next year, he said, the government will not be in a mood to resist. Inflation, currently 1.8%, is expected...
...situation is studded with an endless variety of similar horror stories (see boxes). Among the most prominent are those that involve municipal services. The city council of Blue Island, Ill. (pop. 22,000), last October voted down a 30% increase in property taxes thought necessary to pay rocketing liability-insurance premiums, and the town expects to self-insure for the 1986-87 fiscal year, taking a chance that a large judgment might force taxes up anyway. Five counties in Missouri closed their jails for several weeks last fall, sending some prisoners elsewhere for incarceration and releasing minor offenders outright...
...Hispanic Force '84, an organization designed to increase Latin influence in the Democratic Party. Nor was he helped by the recession that hit New Mexico as its mining industry, notably uranium extraction, continued to decline. Moreover, the Governor was faced with severe revenue losses caused by a wholesale tax cut enacted the year before he was elected. Anaya was forced to ask for a $97 million tax increase that he had campaigned against, and he quickly found himself at odds with lawmakers over nearly every element of the state budget...