Word: taxingly
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Dates: during 1970-1979
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...missile from the fiscal 1980 budget. Though he remained committed to his national health insurance plan, he claimed that it would cost an additional $28.6 billion a year, while his critics contended that the price tag would be closer to $45 billion. Kennedy also favored eliminating what he calls "tax expenditures"; that is, tax breaks for various groups. He would abolish deductions for such business expenses as first-class airfare...
...deaths of many Lebanese and Palestinian civilians killed in the Israeli counterattacks. Thus the P.L.O. guides who escorted the civil rights leaders on a daylong inspection of camps and towns near the Israeli border repeatedly stressed that the widespread devastation had been wrought with weapons "paid for with U.S. tax dollars." Seeing the American equipment, said the Rev. Walter Fauntroy, an S.C.L.C. official who is also the District of Columbia's nonvoting representative in Congress, was "shocking and disturbing. We just hope that on our return the American people will be moved to limit the instruments of war that...
...launching the much-publicized boycott of J.P. Stevens products in 1976. But like the NLRB warnings, the boycott seems to have left J.P. Stevens unmoved. The corporation, despite all efforts, continues to ignore allegations of unfair practices and court rulings finding it guilty of price fixing, wiretapping, tax fraud, violation of health and safety standards, and racial discrimination...
...squeeze is Hamtramck, Mich. (pop. 26,000), a working-class town of neat clapboard houses skirting Detroit. Payments for retired Hamtramck public employees could be halted next year. Pension promises in the past were so generous while funding was so skimpy that 99% of the town's property tax income now must be funneled directly into the police and fire pension funds to keep them afloat. One former city employee who contributed only $35 to his retirement plan when he was on the payroll has collected $280,000 in benefits since he finished working. Says Chester Pierce, Hamtramck...
...pension woes can only be painful to workers and the retired: they will have to pay more, and receive less. As the ratio of retired people to those holding jobs narrows in coming decades, active workers will have to increase their pension contributions. A congressional Joint Committee on Tax study has estimated that individual contributions will nearly double, from this year's $11.3 billion to $21.9 billion in 1984. Cutting back the growth of pension fund benefits in an era of double-digit inflation will be difficult but inevitable. Without some moderate increase in the burden on current workers...