Word: provisionals
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| Shortly after sunrise last Saturday, Tunisians flipping on their radios heard startling news. The regime of Habib Bourguiba, ruler of Tunisia since the country gained its independence from France in 1956 and President-for-Life since 1975, had come to an abrupt end. After carrying out a bloodless takeover in...
Congressional opponents of takeovers hope to keep the raiders from returning to their full glory. The House last week passed a tax bill that, among other things, would put a $5 million cap on interest deductions for debt resulting from takeovers. The measure would inhibit corporate raids, and many Wall...
Tighten up interest deductions. America's most venerable tax shelter is the deduction on home-mortgage interest, a provision that was originally created to help families buy their first home. But perhaps that write-off is too generous. Earlier this month the House Ways and Means Committee adopted a $12.3...
In any case, antismoking forces were also making progress in Washington. The Senate Appropriations Committee approved a bill containing a provision that would prohibit travelers from lighting up on flights of two hours or less.
That has many in Congress worried. Last week the Senate voted 58-38 in favor of a provision that would bar the Pentagon from spending any funds on SDI testing that goes beyond the narrow interpretation of the ABM treaty. The provision, offered by Armed Services Committee Chairman Sam Nunn...