Word: wrighting
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House Democrats, led by Speaker Thomas P. O'Neill and Majority leader Rep. James Wright (D-Texas), have proposed dismantling the third year provision of Reagan's 1981 tax bill, which called for across the board tax cuts in the next three years, ending in a five percent cut for 1984. They maintain that the theory of supply side economics put into practice by the bill has not worked and to avoid any further damage. Democractic leaders propose scrapping the third year of the tax cut bill which they feel is causing increased deficits...
Earlier this week, Edwin P. Meese III, Counselor to President Reagan, and James Wright (D-Tex). Majority Leader of the House of Representatives, participated in a panel discussion before an audience of over 800 at the Institute of Politics Forum. Following the Forum, Crimson reporter Mary S. Humes interviewed Meese and reporter John D. Solomon spoke with Wright about the Reagan Administration's latest budget proposals and the bill's prospects in the Congress...
...Wright: No president expects his budget be approved in toto. In this instance more than in any other the old aphorism is true: the President proposes and the Congress disposes. I think we will probably add money to the budget for certain job creating, stimulative enterprises and offer a more active job training program and some initiative to revitalize and re-energize America's industrial base. I believe we will reduce the amount that Mr. Reagan asks for in military expenditures. I think we will either eliminate, reduce, or put a cap on third year tax cut. By doing those...
During his rebuttal, Wright called Meese to task on an earlier off-the-cuff response to the question, "Where would Franklin Roosevelt be without Social Security?" Meese had replied, "I don't know where Franklin Roosevelt would be without social security, but I know we would have been a heck of a lot better off without...
...hope it was in jest." Wright countered, adding that for the 36 million Americans who receive benefits, nothing has done more to create peace of mind...