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Rubin's self-cancellation was part of the complicated game over Kerrey-Portman, a bill that developed out of the bipartisan commission on IRS reform headed by Senate Democrat Bob Kerrey of Nebraska and House Republican Rob Portman of Ohio. More than once over the past year the White House has rushed forward with reform proposals to pre-empt the commission, which issued its report in June. All the same, by mid October, when the House Ways and Means Committee was wrapping up consideration of the bill, the proposal for an outside board of directors was still a red flag...

Author: /time Magazine | Title: A TAXING SITUATION | 11/3/1997 | See Source »

...former Wall Street bond trader, Rubin remains untroubled by the political conundrum he has created for his bosses Clinton and Al Gore. He spent nearly two hours last Wednesday on the phone with Representative Rob Portman of Ohio, the bill's major Republican sponsor, but the two couldn't bridge what Portman described as their "fundamental philosophical divide." Rubin argues that giving citizens authority over the IRS "raises very serious issues of accountability and conflict of interest." In other words, as another top Administration official put it, "you don't want IRS agents reporting to the chairman of GM." Even...

Author: /time Magazine | Title: WE'LL GET KILLED ON THIS | 10/27/1997 | See Source »

Clinton's less radical approach to the problem has opponents in his own party. The bill calling for an oversight board is the product of an IRS reform commission co-chaired by Portman and Democratic Senator Bob Kerrey of Nebraska, who could challenge Gore for the Democratic nomination in 2000. In the House, another likely Gore rival, minority leader Richard Gephardt of Missouri, this week will come out in favor of the Portman-Kerrey bill. Proponents are predicting that so many Democrats will abandon the Administration that the bill could pass the House, and maybe even the Senate, with enough...

Author: /time Magazine | Title: WE'LL GET KILLED ON THIS | 10/27/1997 | See Source »

...cineastes and film geeks. Lucas, of course, hasn't been behind a camera since finishing 1977's Star Wars; he is currently in London shooting the first of the three long-awaited Star Wars prequels in which Ewan McGregor will star as the youthful Obi-Wan Kenobi, and Natalie Portman as Luke Skywalker's mom. Kubrick, who hasn't worked since 1987's Full Metal Jacket, is also in London, where he is filming Eyes Wide Shut, a psychosexual thriller with Tom Cruise and Nicole Kidman; Kubrick began shooting the picture almost a full year ago and, exceeding even...

Author: /time Magazine | Title: TERRENCE MALICK: HIS OWN SWEET TIME | 10/13/1997 | See Source »

Being sent to Burton's aid are Ohio's Rob Portman and California's Christopher Cox, both of whom served in the White House counsel's office under Republican Presidents. Gingrich hopes their experience will prove valuable to an investigation that involves complex legal haggling with Clinton's counsel, Charles Ruff. But the Speaker's real goal, says a close adviser, is "to encircle" the chairman and "put him on a shorter leash." The leadership has added to its leverage by setting aside much of the money Burton requested for his committee in a "reserve fund." "We only gave...

Author: /time Magazine | Title: BURTON'S GLASS HOUSE | 5/26/1997 | See Source »

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