Word: rostenkowskis
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
Last week someone finally took the plunge. House Ways and Means Committee Chairman Dan Rostenkowski uttered the dreaded words, higher taxes, as the solution to the deficit. "Adopt my plan to fix the deficit, or come up with a better one," he challenged. In addition to an increase in some excise levies and in income tax rates for the wealthiest Americans, Rostenkowski called for a one-year moratorium on the indexing of tax brackets to inflation (a Reagan- era reform that protects taxpayers from being hit with ever higher rates...
...year freeze on most Government programs, including a scheduled cost of living increase for Social Security recipients. Protecting Social Security from Republican budget cutters has been the Democrats' most effective campaign technique in recent years. By offering to give up the increase in return for G.O.P. cooperation on taxes, Rostenkowski was proposing mutual political disarmament...
...Solarz and Charles Schumer may be fighting for the same seat after their districts are reapportioned, and both are considering challenging Republican Senator Alfonse D'Amato. Alabama Democrat Ronnie Flippo plans to use the money this year to finance a race for Governor. There are also whispers that Dan Rostenkowski, the powerful Illinois Democrat, has decided that adding an extra million dollars to his inflation-indexed pension is good reason to retire after one more term...
...position of presenting themselves as tax cutters. But after initially expressing interest in Moynihan's plan, many Democrats by last week were giving it a wary, and sometimes hostile, second look. Speaker of the House Tom Foley expressed "reservations" about the idea. Ways and Means Chairman Dan Rostenkowski, a Chicago Democrat who has felt the wrath of senior-citizens groups over the catastrophic-health-care surtax, dubbed the proposal a "disaster." Democrats feared that the budget squeeze on other domestic programs, already harsh, would be still worse if the Government had to go hunting for billions to replace the lost...
...capital-gains tax cut (from 33% to 19.6% for 2 1/2 years) illustrates the "babble of voices" that plagues Democratic efforts to unite on an issue. Critics say Foley and Rostenkowski threw in the towel too early; Mitchell girded his loins too late; and Bentsen, who delivered the party's response to Bush's economic message last winter, favors a lower rate...