Word: taxingly
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Dates: during 1970-1979
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Iranian properties in the U.S. are even more meager. The most conspicuous among them is the 36-story skyscraper on Manhattan's Fifth Avenue at 52nd Street. It is owned by the tax-exempt Pahlavi Foundation, created by the Shah but now controlled by the Ayatullah's supporters. The Iranians also own some U.S. military spare parts stored in a warehouse at New Jersey's McGuire Air Force Base and awaiting shipment. But, says David Bauer, an economist for the Conference Board, a New York-based research group, "I can't think of a single Iranian...
...Senate's ablest conservatives, Nevada's Paul Laxalt. Last week Reagan named as Laxalt's top assistant another prominent conservative, New York Congressman Jack Kemp, the former Buffalo Bills quarterback who made a name for himself politically in 1977 by advocating a 30% cut in federal tax rates...
With the two bills now virtually wrapped up, the Senate also began debate last week on the toughest Carter proposal: a new tax on extra profits that U.S oil companies could make from OPEC price increases. Because the price of American petroleum has been controlled by Washington since 1973, most domestic oil sells for only about half as much as OPEC crude. To encourage both conservation and exploration, the President proposed raising U.S. prices to world levels. But he linked that measure to an additional 50% tax on the oil companies' so-called windfall profits. Under Carter...
...most socially important documents of our time." In 1978, the coalition, by then named the Democratic Agenda, surprised Carter forces at the Democratic midterm conference in Memphis with a strong push for delegate selection reforms and resolutions aimed at holding the president to previous commitments on tax reform, health insurance, social services, and other campaign promises. If nothing else, DA embarassed Carter...
...case of coops, a buyer acquires stock in the corporation that owns the building in which he occupies an apartment. A condo dweller holds legal title to the apartment itself. All mortgage interest payments are fully tax deductible, as are local real estate taxes on the property...