Word: taxing
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Dates: during 1960-1969
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...TAXES. House liberals balked at extending the 10% income tax surcharge, the most potent weapon available against inflation (see BUSINESS). In return for their support, they demanded a more thoroughgoing tax-reform package, including the oil-depletion allowances that have become a symbol of tax privilege. Only a last-minute personal intercession by Nixon saved the bill...
...money that has forced domestic consumption to record heights. As for his longer-range hope of bolstering the economy, he will undoubtedly try to restore a favorable trade balance-which last month ran a deficit of $312 million-by resisting excessive wage demands and encouraging exports through tax incentives or subsidies. He is adamantly opposed to devaluing the franc unilaterally, but has endorsed financial cooperation with France's partners; this may well result in multilateral negotiations later this year for a cheaper franc and a dearer West German mark...
Most of the new housing will be apartments in which tenants can qualify for rent subsidies, provided that Congress approves them. In an urban area, two-bedroom apartments will rent for $75 a month and three-bedrooms for about $90. Helped by federal tax shelters, investors in the partnerships can expect an attractive 16% return on their capital...
Quota System. Even so, Congress has not been persuaded that exploration would be discouraged by a reduction in the depletion allowance. On Capitol Hill, the feeling is growing that the allowances, which cost the Government about $1 billion a year in lost taxes, are indefensible from the viewpoint of tax equity. Partly because of its tax privileges, the oil industry has fairly high profits. Oil companies earn an average of 11.2% on their invested capital, which is slightly above the norm for all U.S. industry; they also earn 10% on sales, which is about double the figure for other...
...citystate with himself as philosopher-king, Mrs. Jacobs deals with each city as an isolated economic entity, with its own exports and imports. She ignores the economic interdependence of today's world and the enormous, unavoidable impact of government not merely upon the whole economy but-through tax and credit policies, commerce regulations and contracts-upon the very obscure and nascent businesses she most prizes. It is as if Mrs. Jacobs postulated that the vitality and effectiveness of a washerwoman's work can be judged by the vehemence of her elbows, while neglecting to mention the existence...