Word: instead
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Dates: during 1980-1980
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Asked why Yellow Cab didn't simply reimburse cabbies for all money spent for gas instead of limiting them to 10 per cent of the fares collected, Goldberg said he was afraid drivers would waste gas "taking their wives and girlfriends to parties" or idling their engines at taxi stands...
...Instead of building upon the sense of urgency in the nation, top Administration officials are now arguing that no new taxes or tariffs are really needed. Reason: imports have begun to slow, and consumption of gasoline, which accounts for nearly 40% of all U.S. petroleum use, is also declining as steadily rising fuel prices force more and more people to conserve. Says Energy Secretary Charles W. Duncan: "To hold down demand for oil is just about an absolute imperative. For now it is happening in a satisfactory...
...place of a tax, Carter intends to call for authority to impose nationwide gasoline rationing if only a 5% fuel shortage develops, instead of waiting until the shortage becomes a crippling 20%, as the law now requires. This is also a victory for Eizenstat, but there are problems with that plan. Carter's request will have a tough time passing Congress, which set the 20% requirement last year to make rationing only a last-ditch action. Also, details of an emergency rationing plan are not expected to be ready before this autumn. It will contain many exemptions that...
...addition, the Administration now seems inclined to switch away from its original plan to take all revenues from the oil windfall profits tax and use them for energy development, mass transit, and help for the poor to pay their energy bills. Instead, the idea now is to spend much of the money on a broad range of federal programs. Says a high Administration official: "The tax is going to raise more money than is needed. Our concern now is that the money is not tied up." This change might well incite new debate in Congress over the embattled windfall profits...
...program aims to boost production and consumption. It defers that annual target of 500 million gal. of ethanol production to 1981. While generous, it falls far short of what some had hoped. It fails to ensure that federal farm policies will provide distillers with enough grain year after year. Instead of big new investment tax credits, it offers would-be distillery builders loans and loan guarantees totaling $300 million a year for ten years...