Word: domenici
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...shortfall this year, Reagan will be forced by Gramm-Rudman to order cuts totaling some $11.7 billion, half from defense and half from civilian spending that has not been specifically exempted. These reductions, known in federalese as sequestrations, will take effect March 1. Says Senate Budget Committee Chairman Pete Domenici: "It's going to come as a shock to a lot of people who voted for this that there will be sequestering in March...
...least half of the budget effectively off limits to spending surgeons, even some Republicans in Congress believe that Reagan will have to compromise on this issue. As long as the President clings to his goals of a growing defense budget and protecting the safety-net social programs, says Domenici, "there will have to be some sort of tax enhancement." Possible candidates are a tax on oil imports, which would raise $25 billion over three years at the rate of $5 per bbl., and a business transfer tax, a levy similar to Europe's value-added tax, which would yield...
...could push oil well over $100 a barrel and send the world economy into a tailspin," says former CIA Director James Woolsey, now a vice president at consulting firm Booz Allen Hamilton. One organization he belongs to, the Energy Future Coalition, shot off a letter last month to Pete Domenici, chairman of the Senate Committee on Energy and Natural Resources, calling for a federal investment in alternative fuels and advanced automobile technology. But it's another arm of this movement, the Set America Free alliance (which also counts Woolsey among its members), that has identified a Holy Grail of sorts...
...sound like a pie-in-the-sky dream. But in fact, it is technologically possible. Green-car enthusiasts in California are experimenting with innovative plug-in technology, while DaimlerChrysler will soon be testing its own plug-in van. And ethanol has long been used as a fuel. Indeed, Domenici's committee last month adopted a measure in the energy bill requiring gasoline refiners to increase the ethanol they use each year to 8 billion gal. by 2012, up from 5 billion gal. mandated by the House...
...from the tone of what passed for debate last week, deference on both sides has already disappeared. For that matter, so has civility. Some Senators will vote to end the judicial filibuster partly in a desperate effort to change the tone. "You know what?" said New Mexico Republican Pete Domenici. "I don't think it could get any worse...