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Senate Budget Committee Chairman Pete Domenici (R-N.M.) and Sen. Sam Nunn (D-Ga.) -- two of Washington's most steadfast deficit hawks -- today proposed legislation to permit Americans to deduct every dollar they save and invest. The plan, asimplification of the tax codealong the lines of the Individual Retirement Account, arrives just as federal income tax reform is shaping up as a major issue in the1996 presidential election. GOP senators and White House hopefulsRichard Lugar of IndianaandArlen Specter of Pennsylvaniahave already embraced a "flat tax," andBob Doleis thinking it over...

Author: /time Magazine | Title: TAX-FREE PIGGY BANKS? | 4/25/1995 | See Source »

Republicans claim the Balanced Budget Amendment to the Constitution, already approved by the House, needs just one more supporter to clear the Senate in tomorrow's vote. So all eyes are on Sen. Sam Nunn (D-Ga.), one of five undecided Democrats. Nunn today indicated that he is leaning towards voting "yes." He said his main problem with the amendment is that it could force the courts to make required budget cuts if Congress isn't up to the task. He plans to propose a change in the bill to limit court authority over the budget. Speaker Newt Gingrich said...

Author: /time Magazine | Title: NUNN WATCH | 2/27/1995 | See Source »

...until the last U.S. troops leave to make their move. There have been unconfirmed rumors of plots around Mardi Gras," which culminates next Tuesday. In Haiti to help prepare for the June elections, former President Jimmy Carter was joined today by his partners in peace, Sen. Sam Nunn (D-Ga.) and former Joint Chiefs chairman Colin Powell...

Author: /time Magazine | Title: U.S. MILITARY QUASHES HAITIAN PLOT | 2/24/1995 | See Source »

Three Democratic House members today accused Speaker Newt Gingrich of ethical improprieties in accepting free cable TV time worth $150,000 to $200,000 from Glenn Jones, the seventh-largest U.S. cable operator. The three, representatives Patricia Schroeder (D-Colo.), Cynthia McKinney (D-Ga.) and Harry Johnston (D-Fla.) filed a complaint with the House ethics committee, claiming that Jones has a vested interest in proposed congressional reforms. Gingrich spokesman Tony Blankley tried to turn the tables by claiming Johnston is in a group of lawmakers who meet regularly to dig up dirt on the speaker. Gingrich previously was accused...

Author: /time Magazine | Title: GINGRICH ETHICS ATTACKED | 2/23/1995 | See Source »

...junta to leave. Carter, who oversaw Haiti's first democratic vote in 1990, plans to help in preparations for the country's next round of elections in June. He'll be joined in Port-au-Prince Friday by the other members of the U.S. negotiating trio, Sen. Sam Nunn (D-Ga.) and former Joint Chiefs of Staff Chairman Colin Powell. Still, the former president is less than popular in Haiti, where many resent the fact that he allowed the dictators to remain in power for a month, then slip into exile. Both supporters of Haitian President Jean-Bertrande Aristide...

Author: /time Magazine | Title: HAITI . . . WELCOME BACK, CARTER? | 2/23/1995 | See Source »

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