Word: deductionism
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Dates: during 1990-1999
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IRS and White House officials think tax reformers are misreading the public: what really angers honest taxpayers is the prevalence of cheaters. "We do make mistakes from time to time," says IRS commissioner Margaret Richardson. But she adds, "I think people are more concerned about fraud in the system, and...
But rougher days are ahead. The contract will be harder to pass in the Senate, where most of its provisions face Democratic filibusters. That strain could tear the lobbyists apart. The fealty of the Christian Coalition will be sorely tested, for example, if the Senate, as expected, pares the group...
Although President Clinton and some Senate Democrats have proposed a tax deduction of up to $10,000 for college tuition payments, University officials are worried about House Budget Committee proposals to cut financial assistance.
The firms that orchestrate those waves from special interests often describe themselves as nonideological. But it is inherent in special-interest work that they will time and again be employed to defend the budget deficit against brutal assault at the hands of fiscal responsibility. When in February 1993 President Clinton...
Clinton's tax cuts resemble the dealer incentives that Detroit once offered to win back buyers who had switched to Japanese cars. Clinton's "Middle-Class Bill of Rights" is designed to appeal to voters who supported him in 1992, but this year bolted to the G.O.P. -- or stayed home...