Word: code
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Dates: during 1980-1989
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Ronald Reagan has a folksy, homespun manner, but neither his policies nor his life-style quite conveys the image of a populist President. Yet there he was on national TV last week and in Colonial Williamsburg, Va., Oshkosh, Wis., and Malvern, Pa., assailing a tax code that "runs roughshod over Main Street America" and calling for an end to "unproductive tax shelters, so that no one will be able to hide in the havens privilege builds." Looking ever more fit and sounding ever more feisty, Reagan relished being back on the road, taking the offense in pursuit of the boldest...
...protege of the late Mayor Richard Daley, he seems to be the quintessential machine pol. Yet, by the peculiar dynamic of politics, the chairman of the House Ways and Means Committee has become the point man for the most ambitious attempt ever at overhauling the loophole-laden tax code. "The reform hat I am wearing is not yet comfortable," Rostenkowski cheerfully confessed to the Wall Street Journal last week. Nonetheless, the 14-term Congressman may be perfect for the task. Ultimately, late-night deals, not lofty ideals, will determine the fate of President Reagan's plan in Congress...
...taxes). "We'd have 61 votes in the House," says Dan Dutko of the Council for a Secure America. "It would be by far the largest single bloc on the issue." Congress cannot afford to make too many concessions, because for every deduction they put back into the tax code, they must take one out to keep the package revenue neutral. Rostenkowski did not rule out seeking higher rates than the President proposed. But that risks losing the votes of key Republicans, notably Congressman Jack Kemp, who would like even lower rates...
Special interests rebuffed by the House will have a second and better shot in the Senate. Finance Committee Chairman Bob Packwood of Oregon has promised to have "the bill to the President by Christmas," but some colleagues wonder. Only a few months ago, Packwood said he liked the tax code "the way it is." The drive for reform could be delayed or foiled entirely by the Senate's liberal filibuster rules, which allow a single lawmaker to tie up his colleagues for days and even weeks over almost any amendment he wants to make. Steve Symms of Idaho...
...protege of the late Mayor Richard Daley, he seems to be the quintessential machine pol. Yet, by the peculiar dynamic of politics, the chairman of the House Ways and Means Committee has become the point man for the most ambitious attempt ever at overhauling the loophole-laden tax code. "The reform hat I am wearing is not yet comfortable," Rostenkowski cheerfully confessed to the Wall Street Journal last week. Nonetheless, the 14-term Congressman may be perfect for the task. Ultimately, late-night deals, not lofty ideals, will determine the fate of President Reagan's plan in Congress...