Senate tax bill earns closer look as reform effort grows
Editorial argues the Senate plan improves on the House version by lowering brackets and cutting deductions, creating a simpler code and broader rate cuts. It notes the top rate drop to 27 percent is contested, but forecasts a 32 percent effective rate for wealthy taxpayers and argues revenue gains via a stimulated economy. It warns reform must be separate from deficit reduction to avoid defeat and predicts momentum despite opposition from special interests.
MENTIONED IN THIS ARTICLE
Senate
House
The
Wall Street Journal
Senate Committee
Enterprise sails Suez amid Egypt nuclear pass慎 tensions
News that the 90,000 ton USS Enterprise and escorts passed through the Suez Canal drew diplomatic concern. Egypt restricts nuclear powered ships, while Mubarak’s government denounced the Libya raid, prompting debate over official protests and unofficial acceptances.
MENTIONED IN THIS ARTICLE
Enterprise
Suez Canal
Libya
Egypt
Mideast Nations
U.S
Hosni Mubarak
Soviet Admission Signals Chernobyl Response Shift
In Moscow a deputy prime minister admitted Ukraine officials misjudged the accident and Soviet officials in Washington blamed initial silence on human error. The piece contrasts this with earlier hardline stances and discusses potential bluff moderation under Gorbachev, with implications for arms talks and a testing moratorium.
MENTIONED IN THIS ARTICLE
New York
Chernobyl
Moscow
Ukraine
Washington
Oleg Sokolov
Anatoly Dobrynin
Afghanistan
Korean Air Lines
Sakhalin Island
Boris Y. Shcherbina
Sokolov
Gorbachev
Physicians For Social Responsibility
Greenpeace
Soviet Union
Congress
Reagan
New York Times Service
The Chicken American mocks fears and holiday plans
The Chicken American, a new comic persona, quips on terrorism fears and European travel amid a staged interview. He talks with humor about canceling Europe vacations and watching Rambo at home, while addressing generational views and patriotism. The piece ends with a playful farewell and a final joke about safety.
MENTIONED IN THIS ARTICLE
Europe
Rambo
Sylvester Stallone
Senate Finance Panel backs sweeping tax reform and rolls back loopholes
The Senate Finance Committee approved a major tax bill cutting top rates to 27 percent for individuals and 33 percent for corporations while closing many special-interest loopholes. Packwood led the reversal from prior protections, with Bradley guiding the simpler three-rate approach. Critics warn about equity for the wealthiest, but the panel claims to have restored its reform credibility.
MENTIONED IN THIS ARTICLE
Washington
California Assembly
Jesse Unruh
Senate Finance Committee
America
Senator Oil
Steel
Timber
Real Estate
Insurance
House
Finance Committee
Packwood
Senate
Bob Dole
Bkan
Common Cause
Citizens Lobby
Dole
Fred Wertheimer
Committee
Oregon
George Mitchell
Maine
David L. Boren
D-Okla
Dave Durenberger
R-Minn
Bob
Bill Bradley
Bradley
Princeton
New York Knicks
Walter Mondale
Mondale
John Chafee
R-R.i
Mitchell
House-Senate
Durenberger
Washington Post Writers Group
Also Mentioned on This Page
AF. Hladky, Jr
Joe Hladky III
John Donaglly
John Robertson
Art Heusinkveld
Chai
Mubarek
Mikhail Gorbachev
Tom Wicker
Vladimir Shcherbitsky
Leonid Brezhnev
West
Rome
Paris
Madrid
London
Grand Canal
Venice
Russell Baker
France
Wehrmacht
IRA
New York Times
David Broder
Bob Packwood
R-Ore
D-N.j
Washington Post
Anne Swardson
Dirksen
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