Word: cut
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Dates: during 1980-1989
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...mostly to the middle class while simultaneously creating a pool of investment funds, a goal of the capital- gains reduction. Before IRA deductions were restricted in 1986, however, they cost the Treasury $16 billion a year in lost taxes. Bentsen's proposal is unlikely to stop the stampede to cut capital gains, and it could become the next giveaway that Congress and the President will seize upon. But the prospect of a huge loss in revenue at a time of record deficits will probably prove unacceptable...
...capital-gains tax cut (from 33% to 19.6% for 2 1/2 years) illustrates the "babble of voices" that plagues Democratic efforts to unite on an issue. Critics say Foley and Rostenkowski threw in the towel too early; Mitchell girded his loins too late; and Bentsen, who delivered the party's response to Bush's economic message last winter, favors a lower rate...
Democrats and Republicans alike are in full retreat from ired elders who awakened belatedly to the fact that they are going to have to pay hefty premiums if catastrophic-illness coverage remains a part of Medicare. Congress and the White House will probably agree to cut back on some benefits, such as payment for prescription drugs, to lower premiums that could amount to $1,600 a year for a couple...
...years he never let anyone forget it. He drove the little white Honda CRX, he confided, only because he did not want to risk denting his Maserati. He helped out in a research lab for a measly $100 a week, he said, only because his family had cut him off when he failed to go to Harvard. He would not speak French, he said, only because Americans had such atrocious accents. He was fond of showing pictures of family mansions clipped out of magazines. When going away for a few days he would confide he was off for some sailing...
...crop of hopefuls cut from the same professional cloth is lining up to challenge Washington's Marion Barry, who has been weakened by continuing allegations of drug abuse. Barry's dilemma worsened last week when a grand jury heard testimony from a witness who said she saw the mayor in a Virgin Islands hotel room last year with convicted drug dealer Charles Lewis and a quantity of cocaine. If Barry is forced to resign or decides not to run for a fourth term next year, Jesse Jackson may enter the race...