Word: bill
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Dates: during 1970-1979
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...loss, the Congressmen plan to have the program phased in over several years; they would allow business to reduce its taxes-and add to its investment capital -by about $5 billion next year, permitting the amount to rise to three times that much in 1982. Says Jones of the bill: "This will be the centerpiece of a business tax cut next year...
...Lyndon Johnson's 1964 campaign, and wound up as the President's appointments secretary, one of the handful of White House staffers closest to L.B.J. Of that period he now says, "We created a lot of cynicism, both for those supposedly being helped and those footing the bill. Our ideas far surpassed our ability to make them work...
Like his mentor L.B.J., Jones is more interested in advancing by compromise than confrontation. After whining a seat in Congress from an affluent and largely Republican district of Tulsa in 1972, he was assigned to the tax-writing Ways and Means Committee in 1974. When the tax-cut bill bogged down in the committee last summer, Chairman Al Ullman asked Jones to see if he could find a compromise. Jones pieced together a combination of general tax reductions and capital-gains cuts that won the committee's endorsement. When the legislation came to the House floor...
Sugar growers claim that they need the increase to cover their rising costs, but for the first time in memory Congress does not seem so ready to swallow their sweet talk. With voters fuming over sky-high food prices, many Congressmen would just as soon see the bill never come to a vote. Says Massachusetts Republican Margaret Heckler, a member of the House Agriculture Committee: "Inflation is the nation's No. 1 enemy, and things just cannot stay the same for easy subsidies. The sugar bill represents the legislative process at its worst...
...struggle over sugar is an embarrassment for Jimmy Carter. Eager to slow the rising cost of food, the Administration condemned the bill when it was introduced in the House last February by a coalition of farm-state legislators. But when sugar industry supporters in Congress threatened to retaliate by blocking approval of the international trade agreement that was endorsed last month in Geneva, the White House abruptly switched signals and said the President would support the bill. The turnabout left White House Inflation Adviser Alfred Kahn in an impossible situation. Asked during House Agriculture Committee hearings if he considered...