Word: wage
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Dates: during 1980-1989
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...weeks ago, Alfonsin announced his latest program, which features a new currency and a wage and price freeze. An opinion survey showed that more than 80% of Argentines polled support this ambitious reform. Still, some experts are doubtful that the politically difficult plan will survive...
...however. To satisfy the IMF, Argentina made promises that will be very hard to keep. The country pledged to slash its 1,010% inflation rate to 150% by next spring. To help do that, the government of President Raul Alfonsin agreed to cut public spending by 12%, to hold wage hikes to only 90% of inflation and to set up a new unit of currency called the austral that will be worth 1,000 old pesos. Such measures could increase social unrest, but Alfonsin seems determined to see them through. Said he on nationwide television: "The new plan...
...invasion of Nicaragua would not be easy. It would take two or three weeks for troops to take the urban centers and several thousand lives would be lost on both sides, Barnes was told. "But then the Sandinistas would control the countryside," he says. From there they could wage a guerrilla war that would require a prolonged military occupation and counterinsurgency campaign. Nicaraguan Defense Minister Humberto Ortega Saavedra was quoted as saying, "This is not going to be like fighting on the plains of Europe in the Second World War." A Rand Corp. study estimates such an operation could require...
...bracket amount would mean that nearly all individuals and families below or just above the poverty line would pay no federal income tax at all. In 1986, the poverty line for a family of four is expected to be $11,400. Under present law, if that family had one wage earner, it would pay tax on any income above $9,575. Under the Reagan plan, taxes would start only if its income exceeded $12,798. Another tax break would give a family with one working spouse the opportunity to escape taxes on $4,000 deposited in Individual Retirement Accounts...
...present tax credit of as much as $4,800 enjoyed by parents who pay for care of their children or elderly dependents while the wage earners work would be changed to a deduction. That makes the provision much less generous, since a credit is a straight subtraction from tax due while a deduction is only a reduction in taxable income. A credit of $1,000 reduces a family's tax bill by $1,000. A $1,000 deduction would lower taxes by $150, $250 or $350, depending on whether a family was in the 15%, 25% or 35% tax bracket...