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Aiken Standard in Aiken, South Carolina

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Articles on This Page

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Newspaper

Aiken Standard

Location

Aiken, South Carolina, United States of America

Date

Dec 18, 1985

Page

3

Reagan House Tax Plans Compared for Overhaul

The House debated three federal income tax proposals on Tuesday, Reagan's benchmark plan and two alternatives from Democrats and Republicans. Major provisions cover tax rates exemptions standard deductions family benefits capital gains minimum tax and corporate rates with differing limits on itemized deductions fringe benefits and retirement rules.

Washington House Reagan Ways and Means Committee

Reagan Uses Oval Office Push to Salvage Tax Bill

President Reagan toured Capitol Hill in a last hour bid to win support for the Democratic drafted tax overhaul. GOP lawmakers reported a dramatic phone and in person push that led 56 Republicans to switch votes and approve the measure on a voice vote after a late White House appeal. The effort included a pledge for a $2,000 exemption and pressure from Baker and Oglesby as reform efforts moved toward Senate consideration.

Washington Reagan Capitol Hill Robert K. Dornan Calif House Dornan Oval Office Thomas P. O'Neill Jr D-Mass Henry J. Hyde R-Ill House Republican Conference Hyde GOP Senate Marge Roukema N.J Treasury James A. Baker House Senate White House Marion B. Oglesby Capitol Milw Robert H. Michel R-Nl Baker George M. O’brien Nancy L. Johnson Rconn O’brien George Bush

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Rostenkowski Heritage Aiken Petite
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