Word: tax-cutting
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...thumbnail analysis of the Reagan tax-cut plan is not too difficult. It is designed to appeal to the two groups who gave him their strongest support in the election past--simple folk, who have been told time and time again that government is robbing their money to give it to poor people; and calculating people, most of whom own large economic enterprises. The first group won't be helped much, for the only government officials climbing down from their backs will be the ones who sign social services checks; the second will be helped enormously, for, in the current...
Unfortunately, a precis of the alternative House leadership plan is just as revealing. A tax-cut for the working man, especially if his line of work involves owning oil companies, the Democratic "alternative" was no such thing, crammed with business breaks designed to gain the support of Southern Democrats and skewed to the laboring classes just enough that Daley machine veteran Dan Rostenkowski could mouth some ancient pieties...
...enthusiastic partisan crowd of 2,000 that gathered last week at a fund-raising banquet in Chicago for Republican Governor James R. Thompson, and the guest speaker took full advantage of the forum to lash out at Democratic critics of his tax-cut bill. "Our proposal is not a 'rich man's windfall,' as some have falsely charged," said President Ronald Reagan to applause. "It is fair, it is equitable, and it is compassionate...
Though the Administration opposes all-savers, blocking it may be difficult. The White House has already agreed not to oppose the Senate Finance Committee version of the President's tax bill, which, except for the all-savers rider, closely tracks the original Reagan tax-cut proposals. Unless the Administration can succeed in getting the all-savers clause deleted when the tax measure comes to a full debate later this summer, subsidized savings may become part of the first tax bill signed into law by this most outspokenly antisubsidy President...
...first press conference since March 6, three weeks before the assassination attempt. "I have recovered," said the President, who described his return to health as a "medical miracle." Certainly there was plenty of the old zip when he urged Congress to get moving on his budget and tax-cut bills (see following story). But when the questions were about foreign policy-as 15 of 25 were-the Commander in Chief was less clearly in command. Reported TIME White House Correspondent Laurence I. Barrett: "His tone was hesitant. He groped for words, even for ideas; indeed, he seemed less like...