Word: taxing
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Dates: during 1980-1989
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...planned to make nerve gas there, at least one official flatly labels Barbouti "the central villain" of the plot and "the subject of intense scrutiny for some time." In fact, both the Swiss and West German governments are conducting criminal investigations of his role in the Libyan project, and tax authorities in England and Scotland are looking into his Byzantine business affairs...
That Darman takes such pride in a pact unfamiliar to nearly all ordinary mortals -- rather than megadeals like the 1983 Social Security rescue or the 1986 tax-reform act -- shows still another of his several facets. He is a relentless future freak. In a town obsessed with the crisis du jour, he frequently peers at the far horizon and tosses off jeremiads about his sightings. Lately he has been preaching against the rampant impulse for instant gratification. Americans "need to reinstill in ourselves a sense of the importance of the future," he argues. No one argues back in principle...
...known for eight years about the urgent need for expensive repairs to the country's economic foundations. Darman the ace operative has sometimes papered over that need to serve his President's or his candidate's political purposes. He is widely suspected of secretly itching to impose a tax increase. After denying that vehemently -- though not altogether persuasively -- he produced an innovative budget plan that appears to reduce the deficit with negligible pain...
...short thing I've ever said about myself." Realism, of course, often serves as a respectable disguise for political expedience. Eight years ago this month, he was the first White House insider to warn his colleagues that Reaganomics was flawed. He and Stockman later considered sabotaging Reagan's 1981 tax-reduction bill. Concessions to assorted special interests, necessary to overcome the Democrats' competing proposal, were becoming prohibitively expensive. Instead he pressed ahead, matching the Democratic version in what amounted to a bidding war, betting that the damage could be repaired the same year with a second budget resolution...
There the atmosphere was more relaxed, and Darman could concentrate on big- ticket successes, such as the tax-reform act and currency-exchange rates. By then Darman had survived some of his conservative antagonists and made peace with others. Twenty-one months ago, he took a respite by going into investment banking. But a Republican victory in 1988, he knew, would be an opportunity for a new assignment. He wanted his own command this time, free of senior patrons, such as Richardson and Baker. Though he lacked a strong relationship with Bush, he was soon an economic adviser. Darman...