Word: exempt
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...William Safire and Patrick Buchanan were Nixon speechwriters. Only Salinger and Buchanan had previously worked on newspapers. Bailey recalls the "spectacular stumble" of syndicated conservative Columnist George F. Will, who, when criticized for helping coach his friend Ronald Reagan for the 1980 debate with Jimmy Carter, said he felt exempt 5 from the rules of neutrality because he was not a "journalist." (About to become a regular commentator on ABC's World News Tonight, Will describes himself as "reformed...
Politics aside, Reagan's trip had substantive diplomatic and economic consequences. The two nations took several practical steps to open up China to U.S. investors, including an agreement that will effectively exempt American corporations from paying U.S. income taxes on profits earned and already taxed in China. In the weeks ahead, a high-level Chinese mission will visit the U.S. to discuss trade and commerce, and Defense Minister Zhang Aiping will go to Washington to talk over military matters, including possible arms sales to the People's Republic...
...find a different financial base. Both these matters, when embodied in a plan that was made public in 1976, caused some livery controversy. To get more money, the museum came up with the idea of a 44-story tower of luxury apartments, an unprecedented step for a tax-exempt institution that, in the view of Architecture Critic Ada Louise Huxtable, proved "the most artful real estate deal ever devised." Reckoning in the six floors that constitute the base of the tower but belong to the museum, the exhibition space has now more than doubled, from...
...another cloud has appeared over the troubled nomination of Presidential Counsellor Edwin Meese as U.S. Attorney General: a tax-exempt Reagan Administration transition fund, headed by Meese in 1980-81, that refuses to reveal where its private donations came from and where much of its money went. The New York Times reported last week that the fund has even refused to open its books to a federal audit. The disclosure led Senate Judiciary Committee Member Ted Kennedy to ask Jacob Stein, the special prosecutor looking into allegations raised against Meese, to include the fund in his probe. A source close...
...General Accounting Office (GAO) in 1981 to provide an accounting of privately raised receipts and their disbursement. A similar request to the White House in 1981 produced a vague promise that it was "attempting to formulate a response," according to the GAO. Even though the foundation has claimed tax exemption, the Internal Revenue Service has never approved that status. Noting that the IRS is headed by a presidential appointee, Kennedy asked, "Why has it not audited the foundation?" If the transition fund is not tax exempt, the donors of the $688,931 could not claim tax deductions...