Word: trimly
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...Bridge, which spans the Rio Grande between El Paso and Ciudad Juarez. The driver has given 29 fellow Mexicans a free lift south because he can bring five cartons of cigarettes into Mexico for each passenger in his car. Next comes a pickup carrying six teenage Mexican girls, all trim in their red vests. They are returning to Juarez from their classes at a Roman Catholic girls school in El Paso. Behind them is Yolanda Rivas, who is heading home after an eight-hour shift in an El Paso clothing factory, where she earns $135 a week sewing trousers...
...million Americans who pay federal income taxes. It would reduce the 14 tax brackets to just three: 35%, 25% and 15%. The top rate would be a hefty 15 percentage points lower than the present maximum of 50%. Overall, the Treasury Department estimates, the plan would trim 5% from the tax bills of individuals by 1990; the biggest reductions would go to the very poor and the very rich. Reagan would eliminate many of the tax breaks that wealthy persons in particular use to shelter their income. At the same time, he would preserve three deductions that are immensely popular...
...huge stock buy-back, will leave Unocal saddled with a long-term debt of $5.4 billion, compared with only $1.3 billion before the fight. This prompted Standard & Poor's last week to downgrade Unocal's credit rating. To support the massive debt, the company will probably have to trim back its oil exploration and perhaps even sell some assets to raise cash. Nonetheless, Unocal management saw the battle with Pickens as almost a moral duty. Many other corporate leaders agreed. Declared Armand Hammer, Occidental Petroleum's chairman: "Fred Hartley deserves a Nobel Prize for his courage and determination to ward...
...TIME board expects the White House to fight hard for its plan to boost the personal exemption in order to help trim the total amount that individuals pay. Observed Emil Sunley, director of tax analysis for the accounting firm of Deloitte, Haskins & Sells: "The President is going to want to say, 'In my term of office, I have doubled the personal exemption and I have cut the marginal tax rates in half.' That has a nice ring...
...closer to a real breakthrough on bringing the deficit down," said Harvard Professor Martin Feldstein, who served for two years as President Reagan's chief economic adviser. The board was particularly encouraged by the resolution passed three weeks ago in the Republican-controlled Senate, which was designed to trim $56 billion from the 1986 budget, leaving a deficit of $171 billion. The plan would, among other things, eliminate the 1986 cost of living increase for Social Security recipients, limit the rise in military spending to the rate of inflation and phase out twelve federal programs, including Urban Development Action Grants...