Word: taxingly
(lookup in dictionary)
(lookup stats)
Dates: during 1970-1979
Sort By: most recent first
(reverse)
...November, Carter instructed Budget Boss James McIntyre to draw up a detailed plan for a tax that might work. McIntyre's proposal was sent for consideration and amendment last week to the White House's economic policy group, which includes Treasury Secretary G. William Miller, Vice President Walter Mondale, Chief Economic Adviser Charles Schultze, Domestic Adviser Stuart Eizenstat and McIntyre...
...five-man group favored a high tax but could not agree on the particulars. So each member sent a separate proposal to Carter. The differences revolve around the size and timing of the tax and how to distribute the projected $50 billion in revenues that it would collect. One popular idea is to rebate perhaps $40 billion to workers and employers in the form of lowered Social Security and income tax levies. Another suggestion involves using some $10 billion to help balance the fiscal 1981 federal budget...
...tax proposal would face tough, almost insurmountable opposition in Congress, which considers a new tax as a pox in an election year. Typical of what special-interest groups will tell their Congressmen is the observation of a Southern California Auto Club spokesman: "The tax is just a scam to increase Government revenues and the federal bureaucracy at the expense of good-hearted people across the country...
Even as Carter was telling 100 Congressmen at a White House buffet dinner last week that the idea of a stiff gasoline tax "is looking better and better," legislators were beginning to snipe at the idea. Said powerful Democratic Congressman Charles Vanik of Ohio: "Are you crazy? Fifty cents is out of the ballpark...
...moves from site to site, the marginal farmer who drives to a supplemental job in town. But food production would not be set back; to run their equipment, farmers long ago shifted largely from gasoline to diesel fuel, and they are almost certain to be exempted from any tax increases or tight rationing...