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...leaping on one of American politics' "third rails": the fact that the value of employer-provided health benefits is not included in employees' taxable income. Making a portion of these benefits taxable, Bush the Elder reckoned, was a smart way to pay for health care for folks who had none. But G.O.P. leaders were apoplectic. Didn't Bush understand that a tax hike meant political death? The uproar was so swift and furious that White House staffers spent the night using razor blades to excise the offending page from printed budgets...

Author: /time Magazine | Title: State of the Union: A Good Idea Inside a Bad One | 1/26/2007 | See Source »

...None came. The Senator spoke knowingly and graciously through dinner, but he did not even reveal what Colonel North was wearing. Nor will he. There is an iron discipline beneath the rounded Georgia verbs that Nunn uses so precisely. He is as stern a critic as any fellow Democrat of Ronald Reagan's performances these days, but he has not called on the President to fire anybody in the White House ("That's up to the President"). When asked by a reporter if Reagan's staff had been coaching the President to lie to the press and the American people...

Author: /time Magazine | Title: The Presidency: Hitting the Middle Octaves | 1/26/2007 | See Source »

...some of the flights were "none of our business...

Author: /time Magazine | Title: Pursuing the Money Connections | 1/26/2007 | See Source »

...permissible cargo in Ilopango or Aguacate, the same planes picked up military supplies and dropped them to the rebels in Nicaragua. The State Department's Abrams concedes that U.S. officials were aware of the arms deliveries but, he argues, implausibly, that who directed or paid for such flights was "none of our business...

Author: /time Magazine | Title: Pursuing the Money Connections | 1/26/2007 | See Source »

Uncertainty added to the fears. Starved for facts from the authorities, nobody?not even Guinness?seemed to know what the trade department's probe was all about. "I know of no reason why the department has decided to investigate Guinness, absolutely none," said Chief Executive Ernest Saunders. "My conscience is clear...

Author: /time Magazine | Title: Storm Brewing: A stock probe jolts Guinness | 1/26/2007 | See Source »

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