Word: term
(lookup in dictionary)
(lookup stats)
Dates: during 1980-1989
Sort By: most recent first
(reverse)
Transition rules are especially prominent in the present tax bill, which, unlike previous legislation, sharply raises business taxes. Many companies are crying for relief, and Packwood believes that some have a case. Businesses would be "unfairly disadvantaged," he explains, if they had planned long- term projects on the basis of present tax law and were to lose benefits while those projects are in midstream. The makers of commercial communications satellites, for example, are hardly to blame for the U.S. space disasters that have prevented them from getting the satellites launched. Some have been exempted from a provision ending investment...
...back in 1982 that Bradley, then a first-term Democratic Senator from New Jersey, first put tax reform on the national agenda. The idea of lowering rates for the many by eliminating breaks for the few was seen as noble but a bit naive in the real world of Washington politics. Well-financed special- interest groups, went the conventional wisdom, would quash any attempt to take away their favorite loopholes. But Bradley kept plugging away in his dogged fashion; he even published a book on the subject (The Fair Tax) that forcefully laid out the case for reform. This week...
...Harvard's Summer School is run independently from the rest of the college, and unlike other university summer sessions, is not a third term. "Summertime is when Harvard goes to the mountains," Pihl says. "We are the Faculty of Arts and Sciences for 56 days...
Last week in two other primary preludes to crucial Senate elections, the results seemed to bode well for Democrats. In South Dakota, incumbent Senator James Abdnor fended off a challenge from retiring Governor William Janklow in the Republican primary; he will face the popular four-term Congressman Tom Daschle, the state's lone representative in the House. At Daschle headquarters, his campaign workers applauded Abdnor's victory. They felt the tough-talking Janklow would have been a more formidable opponent...
...Alabama, Democratic Congressman Richard Shelby, a conservative, won the Senate nomination resoundingly, and is expected to run a tight race against first-term Republican Jeremiah Denton. Alabama was also the stage for another historic primary, this one for the office occupied for 16 years by Governor George Wallace, who announced in April that he had "climbed my last political mountain." Having failed to win a majority, Wallace's Lieutenant Governor Bill Baxley, who was endorsed by blacks, teachers and labor unions, now faces a runoff later this month against his runner-up, conservative Attorney General Charles Graddick...