Dem governors urge trimming tax breaks for the wealthy
Democratic governors told President Reagan they would back abolishing the state and local tax writeoff if he reduces benefits for wealthy Americans and firms. Nine governors, four Democrats and five Republicans, discussed the May 28 tax overhaul plan with Reagan. Governor Bruce Babbitt said the package contains too many breaks for rich taxpayers.
MENTIONED IN THIS ARTICLE
Washington
Reagan
Bruce Babbitt
Arizona
Democratic Governors’ Association
Ex-reporter guilty in stock paper case
Former Wall Street Journal writer R Foster Winans was found guilty of conspiracy securities fraud and related charges in an insider trading scheme. Co defendants David Carpenter and Kenneth Felts were also convicted. Each faces up to five years in prison. The case questioned disciplining a journalist under employer rules.
MENTIONED IN THIS ARTICLE
NEW York
Wall Street Journal
R. Foster Winans
U.S
Charles E. Stewart Jr
Winans
David Carpenter
Kenneth P. Felts
Don Buchwald
Journal
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Ron
Mario Cuomo
Richard Thornburgh
Pennsylvania
Thornburgh
Cuomo
Martin Steadman
Joseph Brennan
Maine
James Martin
North
Carolina
Charles Robb
Virginia
Lamar Alexander
Tennessee
Robert Orr
Indiana
John Sununu
New Hampshire
Arch A. Moore Jr
West Virginia
Babbitt
GOV. Thorn
ITV
SAT
Macdade Blvd
Ridley Twp
Ridley Park
Swarthmore