Word: reform
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Dates: during 1980-1989
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Buried within the Bush budget is an odd change in policy: the President seems committed to reversing tax reform, the major legislative triumph of Reagan's second term. A reduction in capital-gains levies would erode the reform principle that earned and unearned income should be taxed equally. Bush also retains an unmistakable affection for the kind of special-interest tax breaks that the 1986 legislation was designed to curtail. The President has quietly asked Congress for $2.7 billion annual tax reductions for business, including $400 million for oilmen, who include some of Bush's most faithful supporters. In comparison...
Besides rounding up all that cash, Bush proposes to reform the system that supervises the thrift industry and insures its deposits. The main regulatory agency, the Federal Home Loan Bank Board, which has been accused of being too chummy with thrift-industry leaders, will be replaced by one chairman who will answer to the Treasury Secretary. The exhausted Federal Savings and Loan Insurance Corp., which guarantees deposits, will be overseen by its healthier and better-staffed counterpart for the banking industry, the Federal Deposit Insurance Corp. Banks and thrifts have traditionally had separate regulators and roles: S & Ls specialized...
...budget speech on Thursday night, Bush called on Congress to approve his proposal within 45 days. "We must not let this situation fester," he said. "Any plan to refinance the system must be accompanied by major reform." For the most part, his proposal found bipartisan support. Said Iowa Republican Jim Leach, a member of the House Banking Committee: "In his first inning, Bush has stepped up and hit a home run." Another member of the committee, New York Democrat Charles Schumer, said that Bush deserves "a heck of a lot of credit for bellying up to the bar and putting...
...think he is very interested in legal education and the reform of legal education," Bok said. "He has very high aspirations for the Law School...
...felt that [Clark] had certain qualities that were very important for a dean--high intellectual standards and a strong commitment to building the ablest faculty possible," Bok said. "I think he's very interested in legal education and the reform of legal education, and I think he has a remarkably strong character...