Word: wiping
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Dates: during 1980-1989
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...with one hand but taking with the other. Social Security contributions, as those taxes are euphemistically called, will go up in 1985 under separate legislation passed in 1983. The maximum Social Security bite from paychecks will be increased $259.20, to $2,791.80. For most Americans that will more than wipe out any gain from income tax indexing...
...Reagan strategists did not try to conceal their concern that one issue might yet wipe out the President's comfortable lead in the polls, which last week ranged from nine points (Harris) to 25 points (NBC). "The age thing is what we're most scared of," admitted an aide. "That's what he has to put to rest on Sunday night." Another top adviser was confident that Reagan would easily pass that test, joking, "If he doesn't drool or shake, he'll be all right...
...economy will also be pinched. Automobile production has been one of the economic bright spots in a country with 11¼% unemployment and a currency that has lost 13% of its U.S. dollar value since 1980. A strike that lasts 2½ months could cost Canada $1.5 billion and wipe out its current trade surplus...
...policy and the conflicting pressures on elected officials who hold strong religious beliefs distracted Mondale and Ferraro from their planned campaign strategies. The two Democratic running mates were almost unable to focus attention on the many issues they want to employ against Reagan in their long-shot battle to wipe out the President's commanding lead in popular support. The furor sublimated Mondale's long-awaited unveiling of his plan to slash the huge federal deficit by two-thirds within four years (see following story). The only hope for the Democrats in the reli gious controversy was that...
...Elliot, you're always argued for taxes," said Shamie, who argues that '12, percent growth rate over the next two years will wipe out the estimated $200 billion deficit...