Word: taxingly
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Dates: during 1970-1979
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Just about the most unpopular idea was Jimmy Carter's thwarted proposal to impose a new tax on domestic crude oil that would sharply raise the retail price. U.S. prices are low by world standards; a gallon of regular gas that sells in New York City for 78? costs $1.55 in Tel Aviv, $1.83 in Bonn and $2.09 in Paris. Economists, bankers and independent study groups like the Trilateral Commission agree that substantially higher prices would drive home the reality of the energy crisis and the need to save. For that to occur prices would have to rise drastically...
Vellucci said the University, by converting residential and hence taxable space into tax-exempt space for "academic purposes," was draining the city coffers at a time when Cambridge needs the money most. "We are facing substantial layoffs of teachers, all sorts of cut-backs," Vellucci said...
...University's defense, he said that Harvard has taken fairly small amounts of taxable property off the rolls in recent years. When it has removed taxable property, the University has made payments to Cambridge "in lieu of taxes," Brewer said, adding Harvard has already promised to make a full and permanent in-lieu-of-tax payment on 7 Sumner Rd., the only property the University is currently converting to a non-taxable use--office space...
...University pledged in a 1976 report to the community that Harvard land purchases would not decrease tax revenue for the city, Lewis Armistead, Harvard community relations representative, said yesterday...
...They have to be absolutely clear about what they mean by 'in lieu of tax payments,' " Vellucci said, adding, "the average working class resident doesn't even know what that means. He thinks the University is a bastard that is doing him in, and you can't blame...