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Word: program (lookup in dictionary) (lookup stats)
Dates: during 1990-1999
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Usage:

...pleasure. Though corporate jets pay a fuel tax, these revenues do not come close to covering their share of air-traffic-control costs. It works out to a subsidy of upwards of $350 million a year to corporate America. So far in the 1990s, this particular corporate-welfare program has cost taxpayers about $3 billion...

Author: /time Magazine | Title: Corporate Welfare: Fantasy Islands | 11/16/1998 | See Source »

...assess the feasibility of using landfill gases to generate power in Brazil; to develop an electric-vehicle demonstration program for India; to improve energy efficiency in Egypt, according to a company brochure, by "encouraging Cairo's 2,500 bakeries to switch from filthy fuel oil to cleaner, more efficient natural gas." Nice, but should American taxpayers be paying...

Author: /time Magazine | Title: Corporate Welfare: Fantasy Islands | 11/16/1998 | See Source »

...Programs such as foreign sales corporations are a product of Congress's attempts to legislate economic behavior--attempts that generally fail, to the detriment of the Treasury. In 1971 legislators became alarmed at the growing trade deficit--imports that exceeded exports--and the threat to American jobs. So Congress came up with a program, the Domestic International Sales Corporation, that deferred corporate taxes on export income. The idea was to encourage companies to keep jobs here...

Author: /time Magazine | Title: Corporate Welfare: Fantasy Islands | 11/16/1998 | See Source »

When other countries complained that the program was an export subsidy--which it was--in violation of international trade agreements, Congress ditched it and set up FSCs. Our trading partners were happy; our corporations were happier, because the lawmakers forgave all the deferred taxes corporations had run up under the old program--a figure that then amounted to $13 billion...

Author: /time Magazine | Title: Corporate Welfare: Fantasy Islands | 11/16/1998 | See Source »

Judges and police officers have long shepherded prostitutes in and out of jail with hardly a thought of rehabilitation. "Society considers them throwaway women," says Genesis executive director Gayle McCoy. She and her staff lobby judges to consider their program as an alternative to the lockup. Genesis' track record is starting to win them over. About 70% of enrollees complete the program, and 80% of graduates don't relapse, says McCoy, who bases her estimates on follow-up visits with former clients. Without Genesis House, says Raymond Risley, of the Chicago police department, "these women don't have the tools...

Author: /time Magazine | Title: Life off the Streets | 11/16/1998 | See Source »

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