Word: tax-cutting
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AIthough the plan was defeated in Congress, the Kemp-Roth bill gained a loyal supporter: Ronald Reagan. As the 1980 presidential campaign began, the tax-cut proposal was the centerpiece of his economic policy. But when Reagan wrapped up the Republican nomination, the G.O.P.'s mainstream economists flocked to his fold, and the influence of Laffer, Wanniski and Kemp waned as old-line conservatives began having an impact. Among the most prominent: Alan Greenspan, Gerald Ford's chief
...believed, there is now one fewer reason to give to the charity of your choice. While a potential philanthropist can still count on his key ring, totebag, umbrella, and peace of mind in exchange for a portion of his checking account, President Reagan's recently enacted tax-cut package has made something of a mockery of that well-worn sales pitch: "And, remember, your contribution is tax deductible." According to the latest round of economic fortune-telling, the millionaire's response to that old tease is about to become, 'So what...
...message to 74 undecided Congressmen, DoALL's local branches had been hurt by the business slump, and they favor the President's tax plan. Their ditty, sung to the tune of The Yankee Doodle Boy, concluded: "You'll have a job for every man/ So just say 'Aye'/ Don't be a slob/ Someday you might have Reagan's job/ So please vote for Reagan's tax-cut plan." Six singers, dressed in top hats and tuxedos, invaded three congressional office buildings Wednesday morning, armed with kazoos and cymbal-playing mechanical monkeys...
...Ronald Reagan, triumphant but a bit weary from the tax-cut victory, is looking forward to a few days of wood chopping and thinking on his California ranch. Then, if current schedules hold, by Aug. 15 he will make up his mind and soon thereafter tell the world that he wants America's new MX missiles to be air launched, ultimately from new and sophisticated planes that could stay aloft for days...
...Reagan tax-cut package, approved in its final form by Congressional conferees on Saturday, may hurt Harvard efforts to raise funds from individual contributors and large corporations. University officials and several economists said yesterday...