Word: drastically
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Dates: during 1970-1979
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Members of the TIME Board of Economists generally share the growing voter sentiment that the total burden of local, state and federal taxes is too high. But a number of those interviewed favor cuts less drastic on a nationwide basis than those called for in California's Proposition 13, which reduces property taxes...
Greenspan defends the drastic medicine prescribed by Proposition 13. Says he: "Such brutal sledgehammer techniques turn out to be necessary to prevent government from continuing to increase its share of overall economic activity." Washington University Economist Murray L. Weidenbaum agrees: "If government doesn't cut rates, people have...
Rarely has the political climate changed so totally so fast on an economic issue. Only last fall, all the talk about taxes on capital gains?profits on the sale of assets such as stock, bonds and real estate?centered on prospects for a drastic increase. The Carter Administration drafted a proposal to tax all capital gains at full ordinary-income rates ?which would effectively double the tax in many cases?but eventually sent Congress a recommendation for a much smaller rise. That still worried Representative William Steiger, 40, a baby-faced Wisconsin Republican who has the gung-ho style...
While all this was going on, a temporary global glut of crude kept a lid on prices, stretching Gulfs once bountiful cash reserves and cutting into earnings. Last year profits fell 7.8%, to $752 million; in this year's first quarter, they fell another 7%. The need for a drastic reduction in outlays became urgent...
...playing time. A method to improve the player selection process may be to have the players themselves pick the line-up on the basis of practice performance. This method ensures a sense of objectivity as the only criterion for selection is outstanding performance. While this may seem a bit drastic, the point to be emphasized is that there is room for improvement in the Harvard system. All that choose to devote as much time and energy as is demanded by football should be given a fair and equal chance to play. Being involved with the team is an experience that...