Word: capitol
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Dates: during 1980-1989
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Since LBOs rely on the tax deductibility of loan interest, some takeover critics have suggested that this allowance be discontinued or decreased, thereby making LBOs less attractive, a Capitol Hill source says...
...Capitol Hill source says many government officials are concerned about the rise in LBOs because "debt is not as productive as research and development." And, he adds, there is an "undercurrent" of feeling in Congress that there are ethical problems with LBOs...
Alas, Washington has gone all partisan on the President. The new mood stems not just from Congressmen's crankiness over fumbling their pay raise. Capitol Hill does not want to take the rap for the irreconcilable differences between what Bush is promising in his budget and what the Treasury will allow him to do. Nor is the Senate Armed Services Committee going to rubber-stamp the nomination of former Senator John Tower as Secretary of Defense...
...Capitol Hill Democrats quickly estimated that the Bush budget calls for $20 billion in spending reductions but identifies just $10 billion in specific cuts -- such as the slash envisioned for federal workers' cost of living increases. The remaining $10 billion in reductions disappear into what Senate Budget Committee chairman James Sasser called the "black box" of the budget. Asked about this timorous lack of specific recommendations, a senior White House aide said with a chuckle, "We're too smart for that. There's no law that says you have to define cuts and throw out red flags...
Those interested in power should make sure to visit their members of Congress at the Capitol, see the Constitution in the Archives and make a tour of the kindler, gentler White House of George Bush...