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...Congress will probably enact no more than half the reforms asked for by the Administration. One reason: some congressional leaders do not believe the time is right for revenue-raising tax reforms. They are worried that net tax cuts of only the size that Carter proposes would be more than offset by scheduled increases in Social Security levies, plus the so-called inflation tax (inflation automatically worsens the tax bite by pushing people into higher brackets as their incomes rise). House Speaker Thomas P. O'Neill, among others, fears that the economy could begin turning down just before next...

Author: /time Magazine | Title: Business: Are Bigger Tax Cuts Ahead? | 2/6/1978 | See Source »

...cast cannot redeem. Marian Seldes winces uncomfortably in her pointless role, and Richard Woods cannot enact a plodding, fatuous lawyer without giving a plodding, fatuous performance. Victor Garber coasts fairly pleasantly through his cunning young man role, and Marian Winters twinkles merrily as a psychic spinster, but we can't be allowed to laugh at her performance without another character reminding us that she is "the comedy relief...

Author: NO WRITER ATTRIBUTED | Title: Death Throes | 2/2/1978 | See Source »

After Carter signs the order, he will ask Congress to enact it, giving it the permanency of law. It is expected to encounter little opposition despite the rising concern in Washington about Turner. Some senior advisers to Carter regard him as a poor manager of people and somewhat overweening. But they believe that another change at the top would only further damage the CIA, which has had five directors in five years. Still, by getting a new charter for all U.S. intelligence activities written into law, the Administration hopes to make spy operations more orderly and efficient, and keep them...

Author: /time Magazine | Title: Nation: New Orders for the Admiral | 1/30/1978 | See Source »

...expressed disappointment that the Senate did not enact the bill, but declined to predict whether the legislation, resubmitted by Gov. Dukakis yesterday morning, could pass during the present session...

Author: By J. CHRISTOPHER Flowers, | Title: Senate Stops Cox Panel's Court Reform | 1/5/1978 | See Source »

...that nobody wanted, the Japanese-U.S. trade impasse is dangerous. Any effort by Fukuda to reduce Japanese import barriers further will meet fierce opposition from Japanese farmers, businessmen and workers. On the U.S. side, the Carter Administration must win some significant concessions from Japan soon, or Congress may enact highly restrictive limits on Japanese goods sold in the U.S. At week's end Ushiba was headed back to Japan for consultations, and officials in the Japanese government were mentioning Jan. 20 -the day after Congress returns from its holiday recess-as a deadline for coming up with concessions...

Author: /time Magazine | Title: Business: Japan Rebuffed in First Round | 12/26/1977 | See Source »

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