Word: bentsens
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Lawmakers hastily crafted programs to appeal to everyone from the super-rich to the working poor. Texas Democrat Lloyd Bentsen, who chairs the Senate Finance Committee, stirred the most talk by proposing a $72.5 billion tax cut aimed squarely at the middle class. It would grant families a $300 tax credit for each child under the age of 19 and would permit all taxpayers to deduct as much as $2,000 a year invested in Individual Retirement Accounts. Bentsen would pay for the cuts by reducing defense spending. That would throw open last year's budget agreement for renegotiation, because...
...hand urged the President to make an effort to jump-start the economy but on the other cautioned against support for any steps that would increase the deficit. He finally declared himself in favor of sticking to last year's budget deal, which would rule out Bentsen's proposed cuts and all other plans that laid claim to defense dollars. "I'm not going to be totally opposed to some of these ideas I hear up there," Bush said, but declared: "I don't want to reopen the budget agreement because I think the constraints on spending are helpful...
Bath's penchant for secrecy has been frustrated by a feud with a former business partner, Bill White, who claims that Bath was a front man for CIA business operations. White contends that Bath has used his connections to the Bush family and Texas Senator Lloyd Bentsen to cloak the development of a lucrative array of offshore companies designed to move money and airplanes between the Middle East and Texas. White, an Annapolis graduate and former Navy fighter pilot, claims it was Bentsen's son Lan who suggested that White go into the real estate development business with Bath...
Bath got his start in real estate in 1973 by forming a partnership with Lan Bentsen. One purpose, sources tell TIME, was to find investments for the Senator's blind trust. Bath and Bentsen have said they have not been partners for years, but secretaries at Bath's office still answer the phone with a cheery "Bath Bentsen Interests." Bath says he simply hasn't got around to changing the name of his company...
...Rudenstine as a person who would inspire the Harvard community to overcome institutional inertia with good new ideas powerfully expressed. A tinge of idealism, a little poetry and some biting humor can disarm one's most vociferous opponents. Unfortunately, it's clear that Rudenstine (to quote Sen. Lloyd Bentsen) is no Jack Kennedy...