Word: reformer
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...months later. In the first year, tax breaks would be lost immediately but rates would be cut later, thus giving the Government more revenue. However, this means that many taxpayers, particularly wealthy ones, would not enjoy the full benefits of reduced taxes until the second year of the reform program, probably 1987 or later. Because the proposals have shifted during the past year, tax advisers have little specific advice to offer their clients at this point. But they generally tell taxpayers to make expenditures now, while some loopholes are still open, and defer income until late 1986 or 1987, when...
...increase business taxes by about $123 billion over the next five years, the Ways and Means proposal aims to boost that collection by an additional $15 billion. The U.S. Chamber of Commerce was so discouraged with the bill that it called for a postponement of any effort at tax reform for two years. "It has gotten too far from its original objectives, and it's time to put it aside," declared Richard Lesher, the group's president. "We're at the point of accepting the current tax code with all its flaws...
...quietly. They oppose many parts of the legislation, including the new maximum tax rates for individuals and businesses. But many politicians think that Treasury Secretary James Baker, a noted pragmatist, will persuade the President to go along with the plan. Reagan wants to leave behind a legacy of tax reform, and the Ways and Means proposal is the only tax bill in town. If the President helps push it through the House, there is still an opportunity to make it more to his liking in the Republican-controlled Senate. "The Rostenkowski bill is not exactly what we wanted," says...
Other business people were more sanguine, though, especially those in industries where equipment costs are relatively low. These companies eagerly look forward to the lower overall corporate tax rates. "This is clearly reform," asserted John Bryan, chairman of the Sara Lee food-products company. "I can't imagine why anyone in America would not be in favor of it, except for those corporations that have been raiding the Treasury for years with their special preferences because they had high-priced lobbyists in Washington...
...whenever the sex-education curriculums come up for review. Last year, for example, when New York City developed a program designed to help combat a runaway rate of teenage pregnancy, religious groups presented a list of 56 objections. In middleclass San Juan Capistrano, Calif., the fray over sex-education reform grew so heated last spring that conservative opponents showed up at a school-board meeting dressed in Revolutionary War garb and bearing a cannon...