Word: kemp
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Dates: during 1980-1989
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...treaty ran against U.S. interests, the President canceled U.S. plans to approve the pact, which has been signed by more than 125 nations. When Foundation Scholar Stuart Butler adapted a British notion in a proposal for inner-city enterprise zones, both Reagan and Conservative Congressman Jack Kemp enthusiastically backed the idea. The Administration also accepted Heritage recommendations favoring the accelerated leasing of federal lands for energy development. Altogether, of some 1,300 specific proposals urged on the President early in his first term by Heritage, Feulner claims that more than 60% have won favorable action...
...deft political moves have made him one of the most valuable players in the Republican Party, but last week U.S. Congressman Jack Kemp, 49, was back on his home turf in Buffalo to attend the retirement ceremony of No. 15, which the former Bills quarterback wore when he led the team to consecutive A.F.L. championships in 1964 and 1965. After his name was added to O.J. Simpson's (No. 32) on Rich Stadium's Wall of Fame, Kemp donned his old jersey and watched his team end a 13-game losing streak by upsetting the first-place Dallas...
...illustrate the clash of various groups. A Democratic bill sponsored by New Jersey Senator Bill Bradley and Missouri Congressman Richard Gephardt is called the Fair Tax Act. A Republican proposal termed the Fair and Simple Tax Act is advocated by Wisconsin Senator Robert Kasten and New York Congressman Jack Kemp. The basic approaches...
...Kemp-Kasten. A single rate of 25% would be in effect for individuals, but this would be modified for most workers by exempting 20% of all income from wages (up to a maximum of $39,600). The exemption of $ 1,000 for each dependent would be doubled, which would benefit large families. There would be no deductions for any state or local taxes except on property, but other common deductions would be retained. The maximum tax on capital gains would rise gradually over ten years to 25%. The corporate tax rate, as in Bradley-Gephardt, would be 30%. Accelerated depreciation...
...more favorable to business than the Democratic proposal, it would be a shade more beneficial to the poor, exempting a family of four earning less than $14,375 from paying any tax. Both plans would protect Individual Retirement Accounts from taxation until the funds were withdrawn. But while Kemp-Kasten would provide for the indexing of its exemptions and deductions to inflation, Bradley-Gephardt would not. Sponsors of both plans say there would be no net gain in revenue for the Government nor any redistribution of the tax burden among income groups...