Word: tightenings
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Defense contractors and high-tech firms have been notorious for lax security. At TRW, according to Boyce, "security was a joke." He and his co-workers used the code-destruction blender in TRW's ultrasecret "black vault" for mixing banana daiquiris. The Boyce scandal forced TRW to tighten up, and other firms as well are becoming more careful, contend authorities in Silicon Valley. The military is also lax. Says retired Admiral Clarence Hill: "When I was a sub commander in World War II, we never sent anything over four lines. Everything had to be coded and decoded by hand...
...final catchall (or, more accurately, catch-a-bit), the Administration proposes to tighten somewhat the minimum tax on both individuals and corporations. At present, corporations supposedly pay a tax of 15%, and individuals 20%, on income that otherwise would escape federal levies, but there are so many exceptions that a fair number of millionaires and highly profitable companies still pay no tax at all or very little. The Administration intends to make the rate 20% for both types of taxpayers, and to subject more kinds of income to the minimum tax. But though President Reagan made a major point...
Therefore, Nye says, the group has avoided the most common approach of "simply cutting off technology or playing with numbers" of weapons, propounding instead an agenda of "do's and don't's" to tighten governmental control of nuclear arsenals...
...proposed reduction of tax rates on business, board members attacked other changes in the treatment of corporations. Feldstein, who supports the investment tax credit and generous depreciation allowances now available, called some of the suggested revisions "rather misguided." The Administration's plans to drop the tax credit and tighten the depreciation write-offs, he argued, would discourage companies from building new factories and adding equipment...
...conservatives are urging Kirkpatrick to make her move before 1988 by taking on moderate Republican Senator Charles Mathias in her home state of Maryland next year. If she won, they point out, she would not only gain a stepping-stone to the No. 2 spot in 1988 but also tighten the right's grip on Republican reins...