Word: taxingly
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Dates: during 1970-1979
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Wood stove manufacturers and importers have not yet been subjected to a windfall-profits tax, but envious oil refiners may begin to lobby for just that any day. At the All Nighter Stove Works, in Glastonbury, Conn., President James Morande says that his three-year-old firm is producing at capacity, 480 woodburners a day, at prices that run from $379 to $689, against a demand that exceeds 1,300 a day. Business is up 122% over last year. Morande talks bemusedly of visiting a retail stove store in Portland, Ore., where ten salesmen, gracing...
...winter gas bill. She does not heat the living room or dining room of her seven-room home. Even so, her heat has been cut off for nonpayment five tunes in the past three years. Each reconnection has meant a higher de-posit?a kind of poor people's tax...
...report strong sales across the country, although high interest rates have kept down new construction. Low-interest or no-interest loans for weatherizing are sometimes available through utilities. Along with how-to-do pamphlets like In the Bank ... or Up the Chimney, the Federal Government offers two types of tax credit: up to $300 for energy-saving devices, such as insulation and storm windows, and up to $2,200 for equipment that provides renewable energy, such as windmills and solar water heaters. Wood stoves are not eligible...
Since Americans use much more oil than anyone else, they need to cut back the most. As the Senate last week approved the outlines of a windfall-profits tax on the oil industry, Jimmy Carter was considering a steep new federal tax on retail gasoline. His economists argue passionately for it, but his political advisers worry about a backlash at the polls in November. Illinois Congressman John Anderson, a dark horse Republican presidential candidate, submitted a bill calling for a tax of 50? per gal., with the revenues to be used to chop Social Security taxes approximately in half. That...
Gushing profits, big tax breaks and divided loyalties...