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...Government and $250,000 from the President's campaign treasury, the foundation raised $688,931 from unidentified private donors, according to its tax return. No limit was set on the amount people could donate, but Orr said at the time that single contributions were being limited to a maximum of $5,000. The foundation also promised that its books would eventually be made public...
Supply-siders point out that the amount of tax paid by the rich jumped after Presidents Harding and Coolidge cut tax rates in the 1920s and after Kennedy and Johnson did so in the early 1960s. Between 1963 and 1965 the maximum tax rate dropped from 91% to 70%, but revenues from households with incomes of $100,000 or more rose from $2.5 billion to $3.8 billion. The percentage of taxes paid by the 5% of taxpayers with the highest incomes increased from 35.6% to 38.5%. Observes Roberts: "This has always happened in our history...
NASA'S carefully detailed script for the mission was showy but simple. Its highlight was to be a free-floating walk in space to retrieve the ailing Solar Maximum Mission satellite (Solar Max). Sent aloft to monitor the sun's activity, Max broke down three years ago, after only ten months in orbit. Challenger's mission last week was to stop the rotation of Max, use the spacecraft's 50-ft. remote-controlled arm to lift the satellite into the ship's cargo bay, and set it back in orbit after repairs were made...
Corporations would also pay a 19% rate, rather than their current maximum of 46%. They could deduct the cost of new equipment immediately instead of writing it off over several years. But companies would actually pay more than they do now because they would lose many tax breaks, including the deduction of interest expense. Hall and Rabushka estimate that their plan would lift the Government's annual revenues by about $100 billion and close half the budget deficit...
...Journal does have a deserved reputation for tough maximum-disclosure reporting, though its politically conservative editorial page has not in fact been ardent in attacking what is now being called "the sleaze factor" in the Reagan Administration. The President has often gingerly defended his colleagues against attacks from the press as well as from the Democrats. Unlike the Administration, the press undergoes no such persistent, informed scrutiny from the outside. That is all the more reason for those in the press to consider themselves to be not white knights beyond reproach but vulnerable members of the human race...