Word: taxingly
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Dates: during 1970-1979
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...Carter, who once promised a wide range of populist reforms, including revisions of the tax and welfare systems, has been a great disappointment to many voters. He has presided over one of the worst outbreaks of inflation in American history (currently 13%, the highest since price controls were lifted at the end of World War II), and now, in an attempt to control that inflation, he is supporting policies that have caused the prime interest rate to rise to unprecedented levels (currently as much as 15¼%). The energy crisis, despite Carter's attempts to offer solutions...
...President and Congress spent much of last week quarreling over what to do about oil industry profits. The low point was reached on Monday in Providence, R.I., when Carter told a conference of Northeastern state officials that the Senate's efforts to water down his proposed windfall profits tax "could become a trillion-dollar giveaway to the oil companies...
...House aide explained, is actually the amount of additional oil revenues-not profits-that the companies will receive as a result of decontrol of domestic crude oil prices over the next ten years. What Carter meant to say, the aide insisted, was that the Senate version of the windfall tax bill will leave the industry with $130 billion more in profits from decontrol than the House measure. Other aides meanwhile tried to downplay and defuse the remarks the President made a week earlier about "punitive actions" that might be taken against the oil majors if the windfall tax...
...crisis will not have been a waste of time if it produces an independent national energy corporation to develop our oil resources and to promote alternatives. The oil situation will be an authentic disaster if it ends in a massive giveaway of tax money to the oil companies that would perpetuate their control of our energy supply for decades to come. It will be devilishly tempting for the government to do obeisance to the private sector and accede to the latter outcome. Our leaders may find the courage to withstand this powerful compulsion in a campaign that brands...
Only in the last weeks, when Timilty attacked the mayor on issues of racial violence and tax rates, did the state senator take on the issues many felt would help his cause...