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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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
Also Mentioned on This Page
Rostenkowski
Heritage
Aiken
Petite