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Opposition will be bitter. Truckers and other big fuel users are claiming that energy taxes depress the economy and wipe out jobs. They have been joined by the very liberal Citizens for Tax Justice, which complains that energy taxes would hurt the poor and middle class. The Administration would probably try to give back some of the money to the poor in the form of a higher earned- income tax credit or some similar device. The Administration's essential argument is that it needs the money, and this is one way to raise it that also promotes energy conservation...

Author: /time Magazine | Title: A Call to Arms | 2/22/1993 | See Source »

...would love to pursue a singing career, but I really don't know," Thompson says. "I'm not going to wipe tables in New York for two years and do it that way. I'm not trying to seek a recording contract...

Author: By Elie G. Kaunfer, | Title: ROCKIN' THE SCENE | 2/20/1993 | See Source »

...last year a study conducted by anthropologists William Jankowiak of the University of Nevada-Las Vegas and Edward Fischer of Tulane University found evidence of romantic love in at least 147 of the 166 cultures they studied. This discovery, if borne out, should pretty well wipe out the idea that love is an invention of the Western mind rather than a biological fact. Says Jankowiak: "It is, instead, a universal phenomenon, a panhuman characteristic that stretches across cultures. Societies like ours have the resources to show love through candy and flowers, but that does not mean that the lack...

Author: /time Magazine | Title: What Is LOVE? | 2/15/1993 | See Source »

...that opponents of the treaty might mobilize and prevent it from ever going into effect. The same is true in spades for the GATT talks, which already have dragged on for six years; many experts believe it is now or never. The fundamental problem is that freer trade will wipe out tens of thousands of jobs in noncompetitive U.S. industries like apparel and glassware -- but pushing too hard to protect U.S. interests could torpedo agreements that would give a long-range boost to fully competitive industries...

Author: /time Magazine | Title: His Seven Most Urgent Decisions | 1/25/1993 | See Source »

RONALD REAGAN PLEDGED TO BALANCE THE BUDGET by 1984. Congress, in the first, 1985, version of the Gramm-Rudman Act, promised to wipe out the deficit by 1990. Bill Clinton in last year's campaign merely proposed to cut red ink in half in four years. But if his vow was more modest, it was not, apparently, any more realistic than -- well, George Bush's prediction three years ago of a balance by fiscal 1993. In fact, Bush's final budget reveals that during his Administration the deficit nearly doubled, rising to an expected $327.3 billion in fiscal...

Author: /time Magazine | Title: Last in A Dreary Line: Clinton's Budget Vow | 1/18/1993 | See Source »

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