Word: repeals
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...action received unexpectedly widespread press coverage and proved highly embarrassing to Citibank and the South African regime. Soon after, Citibank dispatched a representative to consult with the Corporation and lobby University officials to relax their present policy. The Corporation responded by applying pressure on the ACSR to approve the repeal of the 1978 concession, but the ACSR proved itself more than an ornamental rubber-stamp and voted down the proposal in May 1981. The ACSR majority concluded that the University had made a commitment and must honor...
Logic suggests that one way out of deficit problems would be to repeal most of last year's largesse. Some legislators, appalled at their handiwork, are talking of doing just that. Says Rhode Island Republican John Chafee, a member of the Senate Finance Committee: "I think we've got to step in and either delay or retract some of those tax cuts...
Rather than propose repeal of the tax breaks he unwisely agreed to last year, President Reagan seems sure to urge whittling the deficit by slashing away again at social spending and at week's end was still trying to make up his mind whether to propose some new tax increases. Moral: tax breaks, once granted, are devilishly hard to snatch away...
...businesses that conserve energy and requiring faster payment of taxes on profits earned by defense contractors. The President definitely will not propose a windfall-profits tax on natural gas producers, but aides hint broadly that he will not fight a move by Congress to tack the tax onto a repeal of the remaining price controls on natural gas. Such a tax might bring in $10 billion to $20 billion a year...
...first year in office, roughly 80% of agency employees will have quit or been laid off or demoted. To William Drayton, former EPA assistant administrator for planning and management under President Carter, the layoffs are deliberate destruction. He charges: "Knowing that the public will never stand for the repeal of these environmental laws, Reagan is gutting them through the personnel and budgetary back doors. With only the shattered shell of an EPA left, our environmental statutes will be largely meaningless...