Word: taxingly
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Dates: during 1970-1979
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...other main component of the President's energy program - the windfall profits tax on oil companies - was in similar trouble. Though the House had passed the bill, it was stalled in the Senate. It was said that Senator Russell Long, chairman of the Finance Committee, had abandoned his commitment to put a windfall tax bill on the President's desk by Oct. 1. The White House let it be known that it was willing to compromise. The $146 billion in revenues anticipated from the tax would not all have to go to mass transportation or to relief...
...state of mind of Louisiana Senator Russell Long will be critical too. The White House feels he will help it get an oil windfall profits tax by Thanksgiving. Long has muttered privately that it will not be that easy and it will not be that quick. His message will arrive with the Christmas carols...
...spread of tax cheating...
Among citizens of major industrial nations, Americans have long been among the most honor bright in paying their taxes. But hammering inflation and high levies have weakened their sense of morality. More and more, otherwise honest Americans are following the lead of underworld elements and dodging their tax obligations by exchanging goods and services for under-the-table payments of cash and barter...
That is not sufficient for New York Congressman Benjamin Rosenthal, chairman of a Government operations subcommittee, who believes the IRS report underestimated the size of the underground economy by $100 billion to $200 billion. He wants tougher auditing of tax returns, believing that only "fear" will force more people to declare their full income. At present, the IRS audits only 1.8 million individual returns a year, or about 2% of the total. Says the angry Congressman: "The people paying their taxes are being forced to subsidize the rest...