Word: term
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Dates: during 1980-1989
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...suit pursuit came to light when the State Department, alarmed by reports that the five-term Congressman had sexually accosted a Peace Corps volunteer during a fact-finding mission to Zaire last March, asked other embassies that have played host to Savage about his activities. Two congressional committees are now investigating the allegations. Considering the outcome of his foreign forays, Savage might want to consider sticking closer to home...
...though, many Democrats have begun to see a certain expediency in welfare for the wealthy. The reason: a cut in the capital-gains tax would produce a burst of revenue for the Treasury, helping Congress meet its targets for reducing the federal budget deficit, at least in the short term -- the only term that seems to matter in Washington. During the first few years of a lower tax, investors would rush to realize the appreciation on their stocks and other assets and thus pay taxes on them earlier than planned. Once this spurt of early tax collections was exhausted, however...
...capital-gains exemption for pension funds. New York City investment banker Felix Rohatyn believes that the funds' managers would then focus more on productive investment rather than on short-term speculation...
...Impose a security-transactions tax on each sale of a stock or bond to further encourage longer-term investment over churning. At the 0.5% rate charged by Britain and Japan, such a tax would raise $10 billion a year for the Treasury...
...legally incorporated entity, retired schoolteacher Emma Gresham, 64, decided to run for mayor to bring progress to the sleepy Georgia town. Local whites, fearing that black control might result in higher taxes, went to court to block the election, but Gresham prevailed. Now in her second one-year term, Gresham has embarked on such civic projects as installing streetlights and a beautification campaign...