Word: rostenkowski
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Dates: during 1980-1989
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...after next year's elections, the House also tried to outtough the Senate by lowering the 1986 deficit ceiling to $161 billion and projecting a zero- deficit target by the end of the decade. Congress could not "put off the political pain" of budget cuts, said Illinois Democrat Dan Rostenkowski, adding, "We wanted a fair deficit-reduction proposal. The Senate wanted an incumbent protection...
Just as the Kansas City Royals were coming from far behind to win the World Series during the last weekend of October, Dan Rostenkowski, the Illinois Democrat who chairs the House Ways and Means Committee, was trying to stage a dramatic rally of his own. Only a few days before, his goal of presiding over a thorough reform of the U.S. income tax code had seemed virtually dead. But Rostenkowski called extraordinary Saturday and Sunday sessions of his committee in an attempt to breathe new life into the tax-reform effort. Though the meetings broke up at dinnertime, giving...
President Reagan may have launched the drive to cut tax rates by closing loopholes, but Rostenkowski has become the campaign's workhorse. Ever since he took over the prestigious Ways and Means post in 1981, he has been eager to mold a major tax bill. Moreover, both he and House Speaker Tip O'Neill fear that Reagan will publicly denounce them as obstructionists and win political points if tax reform dies in the Democrat-controlled House...
...both the Democrats and Republicans on the Ways and Means Committee have been reluctant to join the tax-reform crusade. Under pressure from a horde of special-interest groups that oppose many provisions of the bill, the committee members felt that Reagan and Rostenkowski were trying to railroad them into hasty action. But Rostenkowski finally got things moving last week by agreeing not to curb deductions for state and local taxes. Reagan had wanted to eliminate the deductions completely, and Rostenkowski had favored strict limits on them. These proposals provoked vehement opposition from high-tax states, including California, with...
...Rostenkowski seems to be telling people--say, from Eastern states where they are most concerned about these things [both the deductibility question and the bond issue]--that he will take care of them on state and local deductibility if they support this. We lost some votes that way," said Thomas Head, a senior tax lobbyist at the Association of American Universities...