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...idea du jour for stimulating the economy--a one-month "holiday" for workers and employers from payroll taxes--seems to have won over Congress the old-fashioned way: a wave of grass-roots support. Republican Senator Pete Domenici of New Mexico has been pitching the plan for the past month. But he was getting nowhere until fellow Senators began hearing from constituents. G.O.P. Senator Bill Frist of Tennessee mentioned the idea at an economic conference at Princeton and was startled by the enthusiasm it generated among business leaders and students alike. Senate G.O.P. leader Trent Lott, on a trip home...

Author: /time Magazine | Title: Hill Monitor: Payroll Taxes: A Holiday Coming? | 12/10/2001 | See Source »

...time it took for Domenici's idea to win the day will change the nature of the tax cut. If it had been passed soon enough to take effect in December, the plan would have mainly benefited low-income workers, who pay the tax through the entire year. (Since the tax is capped at incomes of $84,900, wealthy taxpayers generally pay no tax in December.) If the tax holiday doesn't take place until early 2002, as now seems likely, rich taxpayers will benefit...

Author: /time Magazine | Title: Hill Monitor: Payroll Taxes: A Holiday Coming? | 12/10/2001 | See Source »

...Nunn and Lugar also co-sponsored the 1996 Nunn-Lugar-Domenici Domestic Preparedness Initiative, which builds on the goals of the original Nunn-Lugar Act and also trains civilians to assist disaster workers after an attack by a weapon of mass destruction, including any biological agents. According to press secretary Andy Fisher, Senator Lugar expects the program to be rolled into the larger homeland defense effort headed by former Pennsylvania Governor Tom Ridge. Once again, Nunn and Lugar were ahead of the curve...

Author: /time Magazine | Title: The Nunn-Lugar Act: Old Fears, New Era | 10/1/2001 | See Source »

...occasional joke. On Thursday, when New York Senator Charles Schumer pressed him to add an extra $20 billion in emergency aid for the state, Bush did not hesitate. "You got it," he said, though it meant squelching the objections of conservative G.O.P. Senators Don Nickles, Phil Gramm and Pete Domenici...

Author: /time Magazine | Title: Bush in the Crucible | 9/24/2001 | See Source »

...gold rep tie has a movement so seduced the G.O.P. Conservative stalwarts Jesse Helms of North Carolina and Phil Gramm of Texas have decided to yield their Senate seats after 2002, and strategists fear a wave of retirement notices in the next few months. Possible departures include Senator Pete Domenici, a five-termer from New Mexico, and Kay Bailey Hutchison, the other Texas Senator and a new adoptive mom. Aides to Alaska's Frank Murkowski have let it be known their boss is weighing a run for Governor, meaning he could leave the Senate next year. And Die Hard...

Author: /time Magazine | Title: Exit Stage Right | 9/17/2001 | See Source »

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