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...House-Senate committee that began meeting late last week in the Ways and Means Committee's ornate, high-ceilinged conference room in the House's Longworth Office Building. The task of these ten Representatives and 14 Senators was to reconcile the vastly differing tax bills that each chamber had passed. While the Representatives' version, approved last month, would have saved taxpayers $16.3 billion, the Senate expanded the cut to $29.3 billion...

Author: /time Magazine | Title: Nation: Congress Gets the Antitax Message | 10/23/1978 | See Source »

First the upper chamber voted a $4.5 billion reduction to offset the increased Social Security taxes. Then it tacked on an array of special-interest freebies. New York Democrat Daniel Moynihan proposed that the New York State Power Authority be allowed to issue tax-exempt bonds. It passed. Russell Long's Senate Finance Committee had moved that chicken coops built by egg producers should qualify for a 10% investment tax credit. It also passed. Taking up the controversial issue of reducing the tax on capital gains, the Senate turned out to be $1.4 billion more generous than the House...

Author: /time Magazine | Title: Nation: Congress Gets the Antitax Message | 10/23/1978 | See Source »

...congressional leaders, with Carter as a prodding influence, then worked out a gentleman's agreement. They decided that the conferees in each chamber would meet separately and decide what they would offer the other body. As the conferees got down to the touchy differences between House and Senate, they ignored the rules that such vital decisions must be made in public, and went into closed-door sessions...

Author: /time Magazine | Title: Nation: Congress Gets the Antitax Message | 10/23/1978 | See Source »

...made up 30% of the population, have been the major force in politics and the economy. Under the "national covenant," an unwritten agreement with the force of constitutional law, the Lebanese presidency is reserved for a Maronite, while the less powerful posts of Prime Minister and president of the Chamber of Deputies are set aside for, respectively, a Sunni and a Shi'ite Muslim. The precarious balance between religious groups fell apart in 1970, when 15,000 well-armed Palestinian guerrillas were driven out of Jordan by King Hussein's "Black September" offensive. Joining 75,000 Palestinians already...

Author: /time Magazine | Title: LEBANON: The Christians Under Siege | 10/23/1978 | See Source »

...local Janáček Museum, seem to belie his claim. The affair inspired a unique musical outburst. By the time he died at age 74 (some say while pursuing a woman through a nearby woods), Janáček had written four blazingly original operas, orchestral pieces and chamber music and the immense, superbly spiky Glagolitic Mass, a pantheistic hymn...

Author: /time Magazine | Title: Music: A Bayreuth at Brno | 10/23/1978 | See Source »

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