Word: repeals
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...package. Fearing that Kasten's idea has considerable support, Senate Finance Committee Chairman Robert Dole launched what amounted to a filibuster against passage. Said Dole: "I do not understand why people should not pay their taxes. If we do not want people to pay taxes, let us repeal the income tax." Dole has a powerful ally in the White House. Said Reagan last Friday: "I'm deeply disturbed that the jobs bill will suddenly become a Christmas tree for special-interest legislation. I think that the banking industry would do a lot better to spend its time thinking...
...poor and the elderly get special treatment.) Unexpectedly passed last year as part of President Reagan's $98.3 billion tax package, the measure has provoked intense reaction. Spurred on by the A.B.A., banks posted flyers and distributed hundreds of thousands of postcards and letters to customers urging repeal. Sample slogan: "The Government will be picking the taxpayers' pockets...
...banks claim that withholding will cost them millions of dollars in bookkeeping costs. New York's Manufacturers Hanover, for instance, figures the initial expense at $3 million. Smaller banks, which have fought the hardest for repeal, say their cost per account would be higher because they have fewer depositors to share the expenses. Bankers contend that only a fraction of the outlay can be recovered on the "float," the interest banks can collect on withheld funds before the money is passed along...
...when the deal finally went through, vocal opponents may well have taken comfort in the thought that the contract mandated a full-scale review four years later a review which, according to Faculty rules, could result in anything from a rubber stamp on the arrangement to its complete repeal...
Although I cannot condone defying the law. I will not tolerate discrimination against poorer non-registrants. Even in prisons, poor and rich convicts alike are offered the chance to participate in educational programs. If Congress will not repeal this discriminatory link between registration and financial aid. I believe Harvard must do everything it can to protect poorer non-registrants from discrimination. As an institution committed to educating good students regardless of their ability to pay, Harvard must replace the federal aid lost by non-registrants. If this means my tuition must rise. I am willing to pay the difference...