Word: writes
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Dates: during 1980-1989
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Story ideas often lead Jaynes down a circuitous path. "I may go into a town to write about a mean billy goat in someone's yard," he says, "and end up writing about an old goat at town hall." Such reflections come naturally to the Alabama-born Jaynes, who remains very much the Southerner. Yet his patchwork-quilt collection of pieces covers every section of the nation. Among the subjects that have piqued his interest are the loon preservationists in New Hampshire, a restaurant in Barrow, Alaska, that is the only place to find Mexican food in the Arctic Circle...
...masterpiece of contradiction. Every element in him had a blood feud with its opposite. He cherished his friends and he treacherously turned on them (on Sherwood Anderson, Gertrude Stein, Scott Fitzgerald and many others). He adored women and he hated them. His literary program was to write the brutal truth, and yet he was sometimes a liar and a fraud. He was profoundly creative and profoundly destructive. He had a spontaneous gift of life. He enjoyed (that is the word) a lifelong relationship with death. He resolved all contradictions at last by joining his father and his father's pistol...
They said it couldn't be done . . . couldn't be done . . . couldn't be done. Scrap the gargantuan federal tax code and write a simpler, fairer one? How naive! Drastically reduce top tax rates to their lowest levels in 58 years by throwing out the special breaks and deductions that have accrued over the past four decades? No way! Let the free market determine how people spend and invest their money rather than allow shills for favored industries to use the tax code to tinker with the economy? Get real! Such a drastic overhaul would amount to putting the public...
...should raise its total tax take in order to reduce deficits.) Although the top tax rate on business profits will drop from 46% to 34%, it will apply to far more corporate income. The investment tax credit on purchases of new machinery and equipment will be killed, and depreciation write-offs will be considerably less generous. Scores of special breaks that benefited such industries as banking and real estate will be wiped out. Those companies that still might get off lightly will be socked with a strict new 21% minimum tax on their profits. Supposedly, this will mean no more...
...shopping for a House partner interested in reform. In the spring of 1982 he and Richard Gephardt of Missouri proposed a code with low rates and few deductions. New York Congressman Kemp, a prime architect of the 1981 tax cuts, later teamed up with Wisconsin Senator Robert Kasten to write a Republican bill that embodied many of the same principles. But none of these legislators had the clout to get action. That could be done only by the President, and Reagan was uninterested...