Word: taxingly
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Dates: during 1970-1979
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...Overriding objections from environmentalists, the Senate voted to create an Energy Mobilization Board that will be empowered to cut through the federal, state and local regulatory barriers that delay key energy projects. This week the Senate Finance Committee is expected to pass its version of the important windfall profits tax that will finance the new projects. The Senate is likely to approve a tax one-third smaller than the $104 billion House version: President Carter originally demanded a $142 billion tax...
Another new compensation wrinkle that more and more employers are adopting is the Tax Reduction Act Stock Ownership Plan, or TRASOP. Under a law passed by Congress in 1975, a company can get an extra tax credit of up to 1% of its investment in new plant and equipment if it distributes that tax saving to employees in the form of company stock. The value of TRASOP to employees is lessened by the fact that they get the shares only when they leave the company. While this and other new departures in pay are engaging enough, most earners would probably...
Congress so far has done nothing to ease this new burden by approving either Jimmy Carter's request for $400 million for special low-income assistance in paying fuel bills or his proposed windfall-profits tax, which budgets some $1.2 billion in additional help. As a result, states are moving on their own. Massachusetts, Maine and Rhode Island are all looking into setting aside funds to provide heating money to the needy. In Virginia, Winchester Memorial Hospital's emergency-room staff is studying the treatment for hypothermia, caused when severe cold, combined with poor nutrition, makes body temperature...
...antidote, several board members favor a tax cut. Heller argues that an early $28 billion reduction for consumers and corporations is "the only way to fly." Joseph Pechman, head of economic studies at the Brookings Institution, agrees on the need for a prompt...
...time, Orson Welles has played everything from Kane to king. Now he is a country sheriff in Never Trust an Honest Thief, shooting in Las Vegas. Welles, who complains of the state of his personal exchequer, says he was attracted to the role partly because "the villains are the tax gatherers." In another effort to make ends meet, Welles can be seen on closed-circuit TV at Caesars Palace explaining the intricacies of craps, baccarat, roulette and blackjack to fledgling high rollers...