Word: latta
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...claiming that it "will achieve all the essential aims" of his program. Indeed, it would, since it calls for even deeper budget cuts than did his original package and includes the 10%-a-year, three-year Kemp-Roth reduction in individual tax rates. Sponsored by two conservatives, Republican Delbert Latta of Ohio and Democrat Phil Gramm of Texas, it was worked out with David Stockman, Reagan's Budget Director. But it is bipartisan only in the sense that an unknown-and ardently courted -number of conservative Democrats may support...
Reagan, on the other hand, sharply attacked the House Budget Committee resolution, which is supported by most Democrats. Cleverly devised by Oklahoma Democrat James Jones, chairman of the committee, it would cut the budget almost as sharply as the Gramm-Latta substitute. But it would provide more funds for many social programs. The lure for conservative Democrats is that Jones' proposal includes only a one-year tax cut and projects a much smaller budget deficit of $24.7 billion for 1982. Reagan, however, insisted that this plan was just "an echo of the past rather than a benchmark...
Confused? So are many of the Congressmen preparing to choose this week between the Administration-backed Gramm-Latta resolution and the opposing measure crafted by James Jones, the Oklahoma Democrat who heads the House Budget Committee. The root of the problem is that anyone attempting to gauge the effect of proposed spending and tax cuts has to make a stab at forecasting what inflation, unemployment and interest rates are likely to be. A one-point rise in the jobless rate, for example, adds $30 billion to the federal deficit by increasing expenditures for unemployment compensation, welfare and the like...
...four Republicans who supported Nixon by voting against impeachment and were returned to their seats in the House were Representatives C. Trent Lott (Miss.), Delbert L. Latta (Ohio), Edward Hutchinson (Mich.) and Charles E. Wiggins (Calif...
...Republicans' reaction was a mixture of anger and dismay. "We were just dumbfounded," said Ohio's Delbert Latta. "We'd put our trust in the President. We felt he was telling us the truth. I think every American has that right-to put his trust in the President. It was a terrible, letdown feeling." Indiana's David Dennis said that he was "shocked and disappointed." He had planned to fight for Nixon on the House floor. "We'd have got some votes too. The President would have gone to the Senate not in all that...