Word: toughened
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Dates: during 1970-1979
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Nothing unnerves businessmen more than the Carter proposal to toughen the treatment of capital gains, and tax them at the same rates as salary income. Such a change would further hamper capital investment, which is crucial to economic progress and job creation. This centerpiece of the tax program is the most likely to be deferred. Yet Carter will probably attempt to raise taxes on income earned abroad by subsidiaries of U.S. corporations and on export earnings of companies that set up domestic international sales corporations. He may try to pare deductions for gasoline taxes, sales taxes and medical expenses...
...intact. In a crucial vote last week, Carter's supporters in the House turned back a move to deregulate natural-gas prices completely and backed the President's proposal for continued controls -though permitting a price increase. On a few points, Congress has actually been moving to toughen Carter's bill. The President, for example, proposed setting higher energy-efficiency standards for seven types of appliances; the House increased the number to 13, including TV sets and washing machines. And the Senate energy committee voted last week not just to tax but to forbid outright, beginning with...
Since that disaster?and a few other ones caused by pilots' ignoring the warnings of their instrument panels?the FAA and the airlines have worked hard to toughen up the discipline. Most aviation experts believe the efforts have produced good results...
Still, the position of mayor of Paris will carry enormous prestige. Chirac's victory and the leftist surge are expected to toughen Giscard's style. "He will have to be more like De Gaulle, more authoritative," said one of his ministers. "Now that the election has identified the opponent on the left, Giscard will have to commit himself to the fight." To meet the leftist threat, Giscard will probably have to join forces with Chirac-though it remains to be seen just how much unity they will be able to achieve...
Hill Hawks. In an interview last week with TIME Correspondent Christopher Ogden, Warnke look pains to toughen up his image as an arms negotiator. He stressed that in the SALT negotiations he would Iry "to reduce the nuclear armaments on both sides in a fashion which preserves stability rather than adding any element of instability. It requires that you do not allow a situation to develop in which the Soviets acquire any sort of superiority over us." Said he: "As long as we preserve our deterrent, there will be no nuclear war. [That means] you've got to have...