Word: provisional
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Even by Senate standards, the provision was a triumph of devious verbosity. It granted a special tax break on corporate debts "if such indebtedness was originally incurred before May 30, 1985, by a domestic corporation which was incorporated on March 18, 1983, in Delaware, and which indebtedness was subsequently transferred...
The maneuver failed: the full Senate two weeks ago knocked the benefit for Unocal out of the mammoth tax bill prepared by the Senate Finance Committee. But the Unocal provision was one of only a handful of such goodies that bit the dust. Some 170 others were in the 1...
Transition rules are especially prominent in the present tax bill, which, unlike previous legislation, sharply raises business taxes. Many companies are crying for relief, and Packwood believes that some have a case. Businesses would be "unfairly disadvantaged," he explains, if they had planned long- term projects on the basis of...
Some of his recent decisions at the Court of Appeals highlight his distaste for what he calls the "imperial judiciary" and his abiding belief in Executive over Legislative power. Scalia was the probable author of the unsigned opinion striking down a key provision of the Gramm-Rudman-Hollings budget-balancing...
As the song goes some of us like to drinkalone. If you want to stock up on alcohol in yourroom there are a couple of places to go. Thefavorite is Harvard Provision on Mt.Auburn, affectionately known as the "Pro." Anotherchoice in the square is Varsity Liquor,where the price knows...