George H. W. Bush: Address to Congress on the Persian Gulf Crisis

Glossary

• enterprise zones depressed or distressed areas that government tries to revitalize by offering tax incentives to businesses that move into the areas
• fiscal year the year during which a government or business makes budgetary plans and spends annual appropriations; for the federal government, the fiscal year runs from October 1 to September 30
• IRA individual retirement account; different types of these accounts may provide individuals with certain federal tax advantages
• proliferation rapid growth or spread; in international affairs, the spread of weapons of mass destruction to nations not previously possessing them
• sanctions penalties that several nations or an international organization imposes on a nation that has violated a treaty or international law
• sequester an automatic cut in federal spending required by legislation prevailing from 1985 to 1990 in the event that the yearly budget deficit is greater than a predetermined amount