Word: domenici
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...taxes; supporting levies on such items as beer, wine and tobacco; cutting $32 billion in defense, including funds for Star Wars; chopping $23 billion from Social Security and other entitlement programs; and taking $21 billion out of domestic programs like farm price supports. Said Senate Budget Chairman Pete Domenici: "They are a couple of steps ahead of us." Of course, none of the participants are running for re-election...
...chairman of the Senate Budget Committee, Domenici has had the thankless task of trying to work out a compromise on the fiscal-1987 budget that might satisfy lawmakers and the President while meeting the $144 billion deficit ceiling set by the Gramm-Rudman-Hollings law. It was enough to drive the Senator, a reformed chain smoker, back to bumming cigarettes from the Capitol doorkeepers. Near the end of a week of feverish bargaining, Domenici stepped out of a conference with Majority Leader Bob Dole and was asked, "What do you think?" He replied, "I think this is a crazy place...
...there was sweet satisfaction for the long-suffering Domenici last week when the Senate voted 70 to 25 to pass a budget resolution he was instrumental in hammering out. While the plan was less austere than the one Domenici produced with the Budget Committee's ranking Democrat, Lawton Chiles of Florida, it is far more balanced than the President's proposal. The Senate plan calls for increasing military spending to $301 billion--$19 billion less than Reagan requested--while raising revenues (through new taxes or fees) of $13.2 billion, more than twice what the President wants...
...eliminates a handful of small federal programs, rather than wiping out 44 projects, as wanted by the White House. To save some $3 billion, the Senate assumed a lower inflation rate over the next year, thus reducing cost of living adjustments for Social Security and Medicare to 2%. Exulted Domenici last week: "This is the best budget vote...
This week the House Budget Committee will begin wrestling in earnest with its own resolution. After helping bang out a budget that reflected more common sense than political ideology, Pete Domenici proudly declared that the Senate plan "sends a signal to the House that something close to this is what we ought...