Word: bushes
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Dates: during 1980-1989
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...vote last Thursday was not even close. The decision came on a Democratic alternative to the capital-gains cut that would have made tax- deductible IRAs available to more people, balanced by a tax increase on earners of the highest incomes. That proposal lost, 239 to 190. Bush bagged 64 Democrats, while only one Republican, Douglas Bereuter of Nebraska, voted for the alternative...
There were other reasons too. Bush undoubtedly swung some votes by last- minute lobbying. Many Congressmen bought the Administration argument that a tax cut would spur business investment, creating more jobs and prosperity for everybody. In theory the lure of a lightly taxed payoff will tempt investors to put up money for risky ventures. Economists have long disputed whether that is true, but it remains an article of faith among conservatives...
President Bush never accepted that argument; he still believes that the tax code should promote social and economic goals. He told reporters last week, "I supported the tax-reform law, but in last year's campaign there were one or two areas where I felt that we needed to use the tax system to achieve various ends." Democratic leaders too have lost the faith; their proposed expansion of IRAs would also violate the no-special-breaks principle. Consequently, Congress can expect a flood of demands from other taxpayers who will claim that their income deserves special treatment. Writing...
...stop the capital-gains cut by offering as an alternative broader IRAs, without any tax increase to make up the revenue loss. Failing that, some Democrats favor strategy to combine the capital-gains cut in a monster tax-and-spending bill with so many provisions unacceptable to Bush that he will be forced to veto it. That risks triggering the automatic spending cuts mandated by Gramm-Rudman-Hollings if there is no agreement by Oct. 16 to hold the deficit to $110 billion in the fiscal year that began Oct. 1. But those cuts could always be rescinded later...
...power to summon others and the ability to command attention rank high among the tools of any leader. Last week George Bush wielded both of them artfully in pursuing his long-promised bid to become "the education President." During two crisply photogenic autumn days at the University of Virginia in Charlottesville, he convened his Cabinet and the nation's Governors for a historic summit that raised hopes of new national leadership, if not new federal funds, to address the critical problems facing American public education...