Word: taxingly
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Dates: during 1970-1979
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...balls and invite everyone in the state to attend. He stocked the closets of the Governor's mansion with two dozen apple-red vests, his personal trademark, and ordered a deluxe blue Chevy van to replace the official limousine. Not long after that, he signed a $946-million tax cut, the biggest in the state's history, which gave delighted Wisconsinites a reprieve from state income taxes in their May and June paychecks. "It's kind of a hard act to follow," jokes Dreyfus, 52, a pudgy, mustachioed man. "I think we may have peaked a little...
...take 'em over, the least you can do is join 'em," he says. An accomplished orator, he challenged and beat Congressman Robert Kasten, the official party choice, in the 1978 primary. He then went on to defeat Schreiber on a platform of open government, curtailed spending and tax relief. It was quite a feat for a political neophyte-polls a year ago showed that only 3% of Wisconsinites recognized his name...
Dreyfus carried out his pledges. Before even proposing a budget, he got the Democratic-controlled legislature to pass a tax-cut bill, which in effect returned the state's huge tax surplus to the people without cutting services. "First you decide how much money there is, and then you decide what you're going to spend it on," he argued. He opened off-limits meetings to journalists, and he announced that there would be a new fiscal restraint. Although he has proposed a budget that is 20% higher than the previous one, Dreyfus maintains that "my key program...
...alternative energy industries going, much as the Government's Reconstruction Finance Corp. helped establish the synthetic rubber industry during World War II. The Administration is beginning to show some interest in such ideas, but it wants the money to come from President Carter's proposed windfall profits tax, and Congress could wind up deciding not to enact the levy at all. The truth is, when it comes to erratic policymaking, the U.S. need point the finger only at itself...
Senator Bentsen last month introduced six bills to boost productivity. They would, among other things, allow more rapid tax depreciation of R. and D. projects leading to innovations that are ultimately patented, and permit a 10% R. and D. tax credit for small firms. Stressing that the Carter Administration has been dilatory in proposing remedies, Bentsen admits that his bills "are not glamorous solutions. But they could increase productivity, and that would translate directly into less inflation and rising paychecks...