Word: tightening
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...While nobody is seriously talking about abolishing all exemptions-least of all those for children, charities, medical costs and legitimate business expenses-there is a drive shaping up to eliminate some of the outdated and often abused tax shelters, lower the rates. Among other things, the reformers want to tighten the capital-gains law, limit the amounts that home owners can deduct for mortgage interest payments and property taxes, perhaps remove the exemptions for social security benefits...
...Tighten the loopholes through which U.S. companies can channel profits into foreign "tax havens...
...greater authority to carry out reforms in such complex fields as civil rights, government reorganization, etc. Attorney General Robert Kennedy, for example, plans a massive attack on organized crime-but will limit his requests for congressional assistance to matters of money and manpower. Until he can tighten his grip on the Congress, with all its factions, the President will urge only a limited number of "vital" bills, such as federal aid for school construction and more money for federally assisted housing. Explained one Cabinet member: "The controversial stuff can come later. That's what Franklin Roosevelt...
...bought that company car and a tax write-off at the same time, and the government paid for its independence celebration. The opposition got something, too: an eight-cylinder issue to be used in twitting Arturo Frondizi's government for an austerity program that obliges the workers to tighten their belts, but permits the rich to blow millions on new cars...
...rebellion, helped secret police round up 75 intellectuals and politicians on flimsy charges of complicity in the uprising. The battle in Saigon had killed 400 of the country's finest fighting men, and Communist guerrillas took advantage of South Viet Nam's lowered guard to tighten their hold on the country's southern delta, plus large tracts along the Cambodian and Laotian borders. In whispers, Diem's disgruntled subjects predicted that another revolt was only a matter of time...