Word: oilmen
(lookup in dictionary)
(lookup stats)
Dates: during 1980-1989
Sort By: most recent first
(reverse)
...with Wright. Let him be the Congressman from Fort Worth's 12th District, a place filled with the Texas legends of cattlemen and oilmen and other buccaneers who tamed a wild land. He can still be a hero there if his people choose. But Wright became Speaker of the U.S. House of Representatives. "In power and prestige, the Speaker can be compared only with the President and the Chief Justice of the United States," wrote Neil MacNeil in his book on the House, Forge of Democracy. "He has been the elect of the elect." That is the way Sam Rayburn...
...that earned and unearned income should be taxed equally. Bush also retains an unmistakable affection for the kind of special-interest tax breaks that the 1986 legislation was designed to curtail. The President has quietly asked Congress for $2.7 billion annual tax reductions for business, including $400 million for oilmen, who include some of Bush's most faithful supporters. In comparison, the Administration's aggressively ballyhooed child- care tax credits for low-income families would cost around $2.5 billion...
When OPEC members agreed last November to limit the group's oil production to 18.5 million bbl. per day in hopes of boosting prices, veteran oilmen were skeptical. Previous all-for-one pacts had crumbled when members secretly exceeded their quotas. This time producers are still cheating, but considerably less than most experts had expected. Oil-industry analysts estimate that OPEC is producing just 1 million bbl. per day more than the quota. As a result, OPEC's relative restraint is sparking a rally in the oil markets. The price of West Texas intermediate, a benchmark crude, reached...
...treated equally. But then Bush never believed the free-market gospel that tax preferences distort the economy; one of the few times the Vice President took an activist role in the White House was to preserve oil-industry write-offs in the 1985 reform bill. And Bush promises oilmen new tax breaks if elected...
...sure, there are similarities. Both men have been accused of using their office to benefit friends and acquaintances: Meese's former personal lawyer E. Robert Wallach and, in Wright's case, oilmen and investors in the Speaker's home state of Texas. And though the personalities of the genial California-bred Attorney General and the peppery Texas Speaker differ, they are alike in one way. Says Ted Van Dyk, a Washington lobbyist who knows the two: "Both apparently wear blinders" that prevent them from seeing appearances of impropriety in their actions...