Word: taxingly
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Dates: during 1970-1979
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...gotta be worth $20,000 in a coupla years, right?") But if that $10,000 ceiling goes into a building on the National Register of Historic Places as part of a renovation approved by the Department of the Interior, it can be written off under recent preservation and renovation tax benefits. Or, as a capital improvement to a building 20 years old or older, it can be eligible for a 10% investment tax credit. "Preservation" pays...
...appraising Muzorewa's programs. Whitehall analysts feel that he has grown in stature since becoming Prime Minister, but fear that he has been severely weakened by the recent parliamentary defections of Chikerema and his followers. Says a senior British official: "The situation in which Muzorewa finds himself would tax the ingenuity and toughness of a Kenyatta, and the bishop is not by any stretch of the imagination a Kenyatta. But stranger things have happened in the world of politics than Muzorewa discovering his manhood...
...Carter Administration has not been helpful. Instead of seizing on mass transit as a major means of conserving gasoline, Jimmy Carter barely mentioned it in his April 1977 "moral equivalent of war" speech that kicked off his energy program. Last spring Carter finally stated that part of the windfall tax on oil companies should be set aside for mass transport. Yet the Administration still lacks a coherent policy or an effective advocate for it. Secretary of Transportation Brock Adams is a firm supporter, but he lacks the backing of the President and the other Georgians in the White House. After...
...squabbling among local communities slows the selection process. Since most rapid transit authorities encompass at least two and sometimes as many as eight city and county governments, new plans tend to become ensnarled in local rivalries and prejudices. Virginia Governor John Dalton has just sidetracked a planned 1% sales tax in the state's northern counties that would have helped support the Washington Metro underground-and-elevated rail system. Detroit's plan for a southeastern Michigan transit system is being blocked by opposition from adjoining towns whose leaders say that they must pay more than a fair share...
...second quarter deficit that could come close to $200 million. The company may end the year with a loss of more than $400 million, double last year's $204.6 million deficit. Chairman John Riccardo has made a dozen trips to Washington since mid-1978 to plead for tax breaks and relief from some federal environmental and safety regulations. His hope is to ease the financial strain enough to skinny through to 1981, when President Lee lacocca is expected to bring out a series of front-wheel-drive compacts to compete with General Motors' successful X cars. By then...