Word: taxingly
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Dates: during 1970-1979
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WASHINGTON--Sen. Edward M. Kennedy '54 (D-Mass.) said yesterday a tax cut may soon be necessary to cope with rising unemployment...
...today don't call for a tax cut, but I think we are going to have to be sensitive to the need for that over, potentially, the latter part of the year and the first part of next," he said...
What the U.S. needs, argues McLaughlin, is a national water policy, one that calls for considerable participation by businessmen. The Government should identify the scope of the problem, set conservation and recycling standards, then offer incentives. Perhaps there could be tax breaks for buying conservation equipment, or tax penalties for waste. Most important, the Government should fix goals for private people to meet - but not dictate how to meet them...
...encouragement of "productive conservation"; that is, using energy more efficiently. In the transportation sector, the Project, recognizing that the automobile is likely to remain an American fixture, recommends more stringent gasoline mileage standards instead of massive investment in mass transit. The government should grant very high tax credits to industry for mundane improvements like furnace maintenance, lighting adjustments, plugging leaky steam traps, recovering, installing insulation and developing more efficient technologies to replace the existing capital stock. Indeed, it's the very banality of such measures that is the primary problem with conservation--the approach just doesn't lend itself...
Again, the main obstacle to the wide adoption of solar has been the lack of adequate economic incentives. Solar projects do not pay for themselves quickly enough to be worthwhile. The Project believes government incentives--such as the 55 to 60 per cent tax credit that California currently grants homeowners who install solar heating--would overcome this hurdle and permit solar to take a prominent place in the fight against imported...