Word: rostenkowski
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Bradley deserves credit for being "the idea man," says Oklahoma Democrat David Boren, a Finance Committee member. But credit for patching together the votes to pass a tax-reform bill goes to Packwood and to his House counterpart, Ways and Means Chairman Dan Rostenkowski. Behind the scenes, Bradley bitterly resisted an amendment aimed at preserving tax breaks for oil and gas that was necessary to win the support of Finance Committee members from the South and West. "Bradley wanted to bulldoze the bill right through without any ; amendments," says an oil-state Senator. "Packwood understood the need...
...broads and bribes--what 19th century Congressional Correspondent Edward Winslow Martin called "the levers of lust"--are no longer the tools of the trade. This is not to say, however, that lobbyists have stopped wining and dining Congressman and their staffs. Public records indicate that Ways and Means Chairman Rostenkowski spends about as much time playing golf as the guest of lobbyists at posh resorts as he does holding hearings in Washington...
...President's tax-reform bill would provoke an exodus of staffers into the lobbying ranks. Their fears were not unfounded: the committee's chief counsel, John Salmon, quit to work as a lobbyist for the law firm of Dewey, Ballantine; James Healey, former aide to Committee Chairman Dan Rostenkowski, quit to join Black, Manafort...
...crusade for tax reform in May, he issued a challenge: "America, go for it." But the sweeping effort to slash rates by eliminating major tax breaks was eyed warily by a Congress that often seems beholden to special-interest groups. In the House, Reagan formed an awkward alliance with Rostenkowski, who proceeded to bargain with colleagues to produce a bill that preserved the thrust of the President's proposal but was speckled with special favors designed to make it politically palatable...
...state and local governments. The personal exemption would be raised from $1,080 to $2,000 for taxpayers who do not itemize their deductions and to $1,500 for those who do. The bill would also impose a stiffer minimum tax on corporations and eliminate many business breaks. When Rostenkowski finally produced his version, Reagan vacillated for two weeks before issuing a lukewarm endorsement...