Word: bentsens
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Dates: during 1990-1999
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...pitch is simple: Play along with us, and we can make good things happen for you. Oppose us, and . . . well, watch out. Delivering the first part of the message, Treasury Secretary Lloyd Bentsen on March 12 welcomed into his airy office executives of seven major oil companies: Amoco, Ashland, Chevron, Conoco, Phillips, Shell and Unocal. "We're willing to adjust our fuel tax in ways that will help you," said Bentsen. He noted that his department had already promised to revise the way it proposed to collect a new energy tax to favor U.S. oil refiners over foreign competitors...
...what of those businessmen who do not go along? Bentsen rather ominously noted that he had not invited "some members of the oil industry who had expressed public opposition" to Clinton's energy tax. He went no further, but another senior Administration official observes that "if they oppose us, every industry knows there is a price to pay." Several lobbyists say their clients are spooked by the prospect that unless they cooperate with the White House, they could suffer the fate of drug companies, whose stocks have been hammered in part because of criticism from the President and his wife...
...failure of the assault led to criticisms that ATF had fatally underestimated its adversary -- or overestimated its own capabilities in a bid for the media spotlight. Treasury Secretary Lloyd Bentsen, whose department includes the bureau, promised a full inquiry. ATF officials claim that the raid failed largely because Koresh was tipped off. About 45 minutes before the shooting began, an agent who had infiltrated the cult's worship services saw Koresh get a phone call that he believes warned him that attackers were on their...
...rate to 36%, but also restores much of the fiscal macrame that enriches lawyers and tax accountants. The real estate industry, a staunch Clinton ally, makes out very nicely. A proposal to limit the mortgage-interest deduction for upper-income taxpayers "received serious consideration" until late last week, Bentsen said. But it eventually "fell out" of Clinton's package because a limit even on mortgages above $300,000 might depress expensive housing markets. "What about New York, where so many of the mortgages are more than $300,000?" Bentsen asked. "What about California?" Clinton's proposal also restores incentives...
...Bentsen assured his former colleagues in Congress that "when it comes to a tough vote, he's going to be with you and won't leave you out there hanging like some Presidents have done." Ground zero is the House Ways and Means Committee, where lobbyists hover over the 38 members as they yank and pull at each spending proposal. "At Ways and Means, we're looking at the most important six months of the committee's existence," says Texas Congressman Bill Archer, the ranking Republican. "If lobbyists can organize so much turmoil over a little tax loophole, just imagine...