Word: coded
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Dates: during 1990-1999
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...indexed, so why index capital gains? Indexing only one type of investment would create distortions in the economy and many possibilities for new tax shelters. Furthermore, capital gains tax reform could result in the Treasury collecting no revenue from the tax--according to revisions in the tax code proposed by some conservative economists such as Harvard's own Professor Martin S. Feldstein '61. The claim that Treasury shortfalls from capital gains tax cuts will be compensated because the cuts will create growth (and thus tax revenues) from other areas is as fraudulent now as it was 15 years...
...vote to cut, say, farm subsidies. To achieve a similar end, some of the most powerful committees have had their authority reduced. Still, Gingrich didn't pare back all of the sprawl. Ways and Means, for instance, is a magnet for campaign contributions because it controls the tax code. Chairman Bill Archer was willing to make do with 29 members, but demand for seats was so high that Gingrich made...
...political statement, cutting welfare may make more sense. For voters who moved into the Republican column in November, welfare has a significance that goes beyond the numbers. For some, of course, it's just a racial code word, even though most beneficiaries are white. For many others it's a symbol of how government programs can promote dependency and fatherless children in the name of compassion. For Americans to insist upon welfare reform doesn't represent "hostility to people who are poor because of bad luck," says Douglas Besharov, a senior policy analyst at the conservative American Enterprise Institute...
...dispossession of the country's black farmers and the near elimination of black agriculture began long before the National Party turned apartheid into a legal code. Mandela's government will almost certainly need more than its planned five years to make significant progress in reversing this historic injustice, much less bring all blacks the jobs, houses, schools and hospitals he vowed to provide a year ago. Yet the early indications of goodwill toward men are providing a glimmer of cheer for many South Africans this year...
Wisse said she did not feel comfortable saying that Harvard had a moral code that is higher than the code of the American people...