Make Way for a Tax Bill

Article Abstract:

Tax increases are expected to be small, numerous and widely distributed. Lobbyists urge a veto of any appropriation bill which does not have accompanying budget reductions. Real estate depreciation rates, taxation of employee benefits, business expenses and accounting rules for pension plans are the major tax controversies. Tax cuts may be realized in research and development, by firms in depressed urban areas, capital-gains holding periods and Eurodollar investments.

Interpretation and construction, Tax law, Forecasts and trends, Tax abatement

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The Lady at CPSC

Article Abstract:

Nancy Steorts is profiled as the chairman of the Consumer Product Safety Commission (CPSC). Critics disapprove of her publicity tactics, lack of justification for product changes and administrative personnel struggles. Steorts claims accomplishments in voluntary standards, consumer education, complaint-handling procedures and budget stability.

Psychological aspects, Economic policy, Administrative agencies, Government agencies, Supervisors

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More Oil - Patch Action?

Article Abstract:

Takeover talks in the petroleum industry are generating big news. Takeover plans involving Texaco Inc. and Getty Oil Co. and Gulf Oil Corp. and T. Boone Pickens Jr. are examined. The use of royalty trusts is one of the issues of concern to Mr. Pickens. Interest in royalty trusts has made other petroleum companies manage their cash flow.

Mergers, acquisitions and divestments, Petroleum industry

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