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Persuading Congress to adopt tax reform is not unlike treating addiction. ( Congressmen have become so dependent on trading tax breaks for political favors from special interest groups that the only way they can stop now is to go cold turkey. For a Congressman to say he can make an exception for one lobbyist but not another is like an alcoholic swearing he can take just one drink...

Author: /time Magazine | Title: Addicted to the Loophole Habit: Reagan's tax plan | 5/27/1985 | See Source »

...Many highly profitable corporations have been able to do just that. Still, most of the reformers consider this a cop-out that would hinder enactment of fundamental changes. As Bradley told Packwood's committee: "If we reform the system, we won't need a minimum tax." To adopt one, he claimed, would be "an admission of failure." The minimum tax, however, has won general approval in the Senate, which passed a nonbinding resolution endorsing the principle, and has some 55 sponsors in the House. The Administration may propose such...

Author: /time Magazine | Title: Reagan's Second Front | 5/20/1985 | See Source »

...profession's version of a snake-oil salesman. In his new book The Share Economy (Harvard; $15), Weitzman claims to have found a cure-all that will end both unemployment and inflation. The trick, he says, is for U.S. industry to abandon the practice of paying fixed wages and adopt a scheme that would compensate workers in relation to their employers' revenues or profits...

Author: /time Magazine | Title: Search for a Miracle Cure | 5/20/1985 | See Source »

...across this country." Flanked by union officials and city aides, he announced last week that municipal pay scales would be adjusted so that salaries for jobs held mainly by women would be comparable to those for positions traditionally held by males. Los Angeles thus became the largest city to adopt the controversial system of "comparable worth," which attempts to calculate the value of different jobs, from secretary to warehouseman, based on factors such as education, responsibilities and work conditions. Claimed Gerald McEntee, president of the American Federation of State, County and Municipal Employees: "The momentum in eliminating sex bias from...

Author: /time Magazine | Title: Typist = Driver | 5/20/1985 | See Source »

United, which netted $258.9 million last year, has recently flown into its own patches of turbulence. The airline last week reported a $3.2 million < first-quarter loss, largely because of airfare wars. In addition, its 4,900 pilots, angered by the company's plan to adopt a two-tier wage scale that would lower the pay of new flight officers, voted to strike just after midnight...

Author: /time Magazine | Title: A Pioneer Clips Its Wings | 5/6/1985 | See Source »

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