Tax overhaul gains momentum in Senate scope
Washington AP reports the sweeping tax overhaul moving toward Senate approval features broad scope with lower individual and corporate rates. Leaders forecast near unanimous final passage as the measure compresses tax brackets to 15 and 27 percent while trimming deductions and exemptions to fund the cuts.
MENTIONED IN THIS ARTICLE
Washington
Senate
Edward M. Kennedy
D-Mass
Bob Packwood
R-Ove
Finance Committee
Kennedy
Packwood
Former foes back SALT II compliance in changing stance
Senators John Glenn and William Cohen shift from anti ratification to backing limits of SALT II. Glenn credits improved intelligence and asserts U S adherence remains essential while Cohen supports observing treaty ceilings though opposing certain language and encryption provisions.
MENTIONED IN THIS ARTICLE
Washington
United States
John Glenn
Dohio
William Cohen
Maine
Senate
Glenn
Cohen
Afghanistan
Carter
Ronald Reagan
White House
Reagan
Soviet Union
Iran
U.S
America
Johnson pushes federally financed day care vouchers
Rep. Nancy L. Johnson, backed by 17 colleagues in the Wednesday Group, proposes a system of federally financed vouchers to help low and moderate income parents buy day care. The plan reflects shifting work force roles among mothers and rising divorce rates, amid GOP concerns over federal intervention.
MENTIONED IN THIS ARTICLE
Washington
Nancy L. Johnson
Congressional
Connecticut
Johnson
Capitol Hill
Helen Blank
Children’s Defense Fund
Reagan era economy stalls as energy falls flare into recession risk
Washington reports show unemployment rising to 7.3 percent in May while factory output drops 0.6 percent. Investment plans shrink after a prior forecast of increases, and May retail sales slip as energy bill relief reduces consumer spending. Analysts blame sharper than expected energy price declines and oil sector cutbacks for the weak rebound.
MENTIONED IN THIS ARTICLE
Washington
U.S
Robert Ortner
Commerce Department
Southwest
Robert Wescott
Wharton Econometrics
Wescott
Reagan seeks high level talks with Gorbachev in letter
President Reagan sent a friendly letter to Soviet leader Mikhail Gorbachev urging renewed high level talks. White House officials offered few details about the proposal or a potential meeting between Secretary of State Shultz and Soviet Foreign Minister Shevardnadze.
MENTIONED IN THIS ARTICLE
Washington
Reagan
Mikhail Gorbachev
White House
Catoctin Mountains
Camp David
Gorbachev
George Shultz
Eduard Shevardnadzo
Albert Brashear
Brashear
Shultz and
Shevardnadze
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Senate Finance Committee
John H. Chafee
R-R.i
N.Y. Times News Service
Square
Cash & Carry
Fiberglas
Leslie-Locke Wind Turbines
DEL
Bluefield Ave
Bluefield
Bett
UD Sealer
Rose
Olympic Products
Citizen
Steve Land
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