Word: decontrol
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Dates: during 1980-1989
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...even loosen the already weak restrictions on guns. The 1.8 million-member N.R.A., with an annual budget of $30 million, forms the nation's most powerful single-interest group. One pro-N.R.A. bill, sponsored by Senator James Mc-Clure of Idaho and originally called the gun-decontrol bill, already has 61 sponsors in the Senate. It would loosen interstate trade in firearms and allow their possession by some categories of felons. In addition, Reagan plans to cut back or abolish the agency that now enforces federal gun laws, the Treasury Department's bureau of alcohol, tobacco...
Dismissing the president's decontrol and deregulation plans as misleading, Tsongas zeroes in on his favorite topic--the Kemp-Roth tax cut proposals. Tsongas has only scorn for the 30-per-cent three-year reduction plan; he calls it "very inflationary and economically unjust." He adds that in Washington "everyone knows that Kemp-Roth is a dog, and they're going to kill it in the Congress." What really makes the 39-year-old first-term senator angry is that in the short run, Reagan "can say he was for it without suffering any of the political ramifications...
...economics." He adds that the witch doctor-in-chief at 1600 Pennsylvania Ave. will eventually be haunted by his do-all potions. Tsongas predicts that the Republicans will not realize that they have overshot the public's call for economic responsibility until it is too late, and "we have decontrol and deregulation and all these cuts, and the average American gets his heating bill, and it's gone up double, and then he remembers that the president said inflation is all the cost of government, and then he can understand that he's been fooled...
...economic ills so early in his term. Yet in his tough talk about controlling inflation and reducing unemployment, there exists a substantial gulf between Reagan's optimistic predictions of his policies' effects and a "realistic" analysis of what they will do. Even in one of its first actions--the decontrol of oil prices--the administration found that its brand of realism might not be that realistic after all. Reagan and his advisers were surprised to see gas prices rise by about seven or eight cents a gallon after decontrol--and may also be surprised and disappointed not to see production...
...Sept. 30, in any case, but the President decided to act now in order to send a signal to oil producers and to the public that he wanted to get the Government out of the business of regulating the price and availability of energy. Another advantage of immediate decontrol is that it will probably reap the Government an additional $3 billion to $4 billion in tax revenues during this fiscal year. The White House can use that money to help keep down the size of the budget deficit, which is now projected to reach $60 billion this year, even without...