Word: overhauled
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Dates: during 2000-2009
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...reform effort began a year ago, when the Reagan Administration launched a bold plan, dubbed Treasury I, to overhaul the absurdly complicated and loophole-ridden income tax law. The President put his name behind another, more modest plan known as Treasury II last May and promoted it with whistle-stop tours around the U.S. But the tax-reform movement slowed to a crawl until a month ago, when Illinois Democrat Dan Rostenkowski, the Ways and Means chairman, started engineering the new proposal. "We have done," he boasts, "what many people thought couldn't be done...
Even as he threw rebellious students and workers into prison, Kadar ordered economists to diagram an overhaul for the country. "It was clear that centralized planning had failed," says Ivan T. Berend, president of the Hungarian Academy of Sciences. "If we were to provide a comfortable standard of living, market principles had to be introduced." Unstated by Hungarian authorities was the premise that in return for that comfort the population would live passively under Communist rule...
With his full-throttle metabolism, the acerbic Senate majority leader seems energized by confrontation, and he is braced for a good dose of it once Congress returns this week. Reagan will be pushing the Senate to overhaul the tax-reform plan passed by the House last year and to make difficult new cuts in domestic spending. Most Senate Republicans feel that tangling with tax reform is less important than tackling the budget; as Dole well knows, addressing that mess requires military cuts and tax increases that will raise Reagan's ire. How Dole handles his task as ringmaster of this...
Under the tolerant gaze of the Reagan Administration, giant U.S. companies have been merging at an unprecedented rate. Now the White House wants to make it still easier for firms to consolidate. Officials last week unveiled a sweeping plan to overhaul antitrust laws that have held sway since the early part of the 20th century. "The Reagan crew is obviously determined to leave its mark on business policy," said James Maher, managing director of mergers and acquisitions at the First Boston investment-banking firm. "These ideas, if enacted, will fuel more fires in merger activity...
...took place, and I think everyone in the White House and the Pentagon knows the charge to be true. But Newsweek's flawed story was useful to the Administration as a handy distraction from the bad news coming out of Iraq, the failure of the President's Social Security overhaul and the Administration's ongoing assault on the environment...