Word: cuts
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Dates: during 1980-1980
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...Sticking to the Kemp-Roth tax cut timetable, which would trim personal income levies by 10% a year for three years. While some of Reagan's more cautious advisers had earlier urged him to spread the reductions over five years, he insisted on the original proposal. But Reagan left room to change his position if the cuts fail to stimulate economic activity and turn out to be inflationary...
With sizable tax cuts, the new Administration will be all the more pressed to cut spending. When the outlay was estimated to be $633 billion for fiscal 1981, Reagan advisers considered cutting 2%, or about $13 billion. Now the budget is estimated to stand at $653 billion, and a 2% reduction would not be nearly enough to prevent further inflation, especially if Reagan adds to defense spending. As a start - and it would be only a modest one - his advisers want to take a substantial slice out of the $8.9 billion Government travel budget and the $10 billion food-stamp...
...Good Morning imitated the original Today show, Today is now imitating Good Morning imitating Today. The changes began in 1976 under Paul Friedman: interviews were cut down and sharpened. Phil Donahue, whose syndicated talk show is seen by 8.5 million viewers daily, was hired for a shorter four-times-a-week Today segment. Says one NBC insider: "The thrust was 'Let's figure out what makes Good Morning successful and duplicate...
...with rises of up to 18% in meat and poultry, and energy costs are about to start spurting upward again too. Though oil consumption in the industrial world is down 8% from last year's levels, and inventories are full, the ten-week-old Iran-Iraq war has cut out 9% of the non-Communist world's crude production, resulting in a tightening market that is rapidly forcing up prices. Quotes for the small amounts of crude that are regularly traded on the spot oil market have climbed as much as 30% since the outbreak of hostilities...
...have our work cut out for us," assistant women's ice hockey coach Holly Rath said after Boston University shut out Harvard, 4-0, in the Crimson's season opener at the Walter Brown arena last night...