Word: one-year
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...bargaining process had brought the Democratic leaders who supposedly control the House of Representatives to meet him more than halfway. In particular, the Democrats had dropped their insistence on a one-year bill and offered him a reduction in income tax rates of 5% on Oct. 1 and another 10% on July 1,1982. But Reagan, after retreating from his original 30% plan, held firm for a 25% cut over three years, with the final 10% taking effect July 1, 1983. Moreover, as in the April battle that ended with Congress approving sweeping cuts in federal spending on domestic social...
...Committee Chairman Dan Rostenkowski aside and asked, "Don't close the door." Rostenkowski took that request as a signal that the President still wanted a compromise. He met with the Democratic members of his committee trying to arrange one. On Tuesday evening, he phoned Treasury Secretary Regan to report that the Democrats seemed ready to go beyond a one-year reduction-but not so far as three years. The Treasury Secretary replied unenthusiastically: "Well, I'm not sure we can work with you, Danny." On Wednesday morning, however, Presidential Counsellor Edwin Meese, breakfasting with reporters, said that...
...Free Accounts. Introduced in the House by North Carolina Republican James Martin, this measure would allow S and Ls and savings banks to issue one-year savings certificates that would give tax-free interest. This would make them much more attractive to savers in higher income brackets and probably start a new flow of money into the thrifts...
Hamlin made contacts of a much less serious nature during a one-year stint in Quincy House and he retains several fond memories. He says his advanced age did not bother him that much, though he was disturbed by what he terms "some immaturity...
...will be more careful. The administration is putting on more pressure," one professor predicts. Another, who asked not to be identified, suggests that fears of a similar incident might have made the Psych and Soc Rel Department more sympathetic to Langer in its considerations this winter. And just months after Skocpol's complaint, Josephine Wright, assistant professor of Afro-American Studies, filed a complaint with the Equal Employment Opportunities Commission charging the University with discrimination on the basis of sex and race in denying her a one-year contract extension. But Faculty remain nearly unanimous in agreeing that the threat...