IRS hears tax deduction complaints at congressional hearing
Congress members and 28 000 newspaper readers weigh in on the 75 a day Washington living expense deduction. Rep Walgren says lawmakers rarely pay for their own lunch and calls the deduction unnecessary. Fred Wertheimer presents letters from readers protesting the provision. IRS has received over 6 000 mail pieces, inquiry whether to reduce or end the perk remains unresolved. The deduction no longer requires IRS justification and was created to offset Washington living costs. The House and Senate had repealed the 3 000 annual ceiling last year.
MENTIONED IN THIS ARTICLE
Washington
Internal Revenue Service
Doug Walgren
D-Pa
Congress
Fred Wertheimer
Common Cause Lobbying Organization
IRS
Pittsburgh Press
Cincinnati Post
House
Senate
Reagan seeks business backing to cut rates and push budget
President Reagan launches a three day lobbying push for lower interest rates and approval of a Republican backed budget. He tells business leaders passage signals a new course and says cooperation is needed to move the economy and place America on a path to greatness. The budget talks faltered over Social Security as White House aides propose alternate means to reach aims.
MENTIONED IN THIS ARTICLE
Washington
Reagan
Senate
White House
America
Reagan outlined START plan amid push for arms freeze
Washington. The administration urged Senate support for Reagan's START proposal to cut strategic nuclear warheads by one third on both sides while continuing development of the B 1 bomber X missile and Trident submarine until a treaty is reached. Critics Kennedy and Hatfield pushed for a negotiated freeze arguing survival over superiority. Haig said a freeze would entrench Soviet advantages and remove incentives to negotiate.
MENTIONED IN THIS ARTICLE
Baltimore Sun
Washington
Senate
U.S
Alexander M. Haig Jr
United States
Edward M. Kennedy
D-Mass
Mark O. Hatfield
R-Ore
Kennedy
Haig
Senate Foreign Relations Committee
Reagan
Bill to Help Housing Boosts Aid For First-Time Buyers
Congress approves a 1 billion emergency bill to subsidize mortgage interest payments for qualifying buyers over six months. It aims to lower rates by 4 to 6 percentage points, aiding up to 74 000 housing units and reviving housing industry jobs amid recent market distress.
MENTIONED IN THIS ARTICLE
Washington
Les AuCoin
D-Ore
National Association of Now
Senate
House
Fred Napolitano
Also Mentioned on This Page
Berkley Bedell
Iowa
Eugene V. Atkinson
Rpa
The
Chesapeake Manor
Ethan Allen
Ater
Cassteven
Cassapende Manes
Royal Charter Oak Library
Classic Manor
Chateau Normandy
Cosmeey
Femix Sanday
Vallery
Andrews
Odessa
Cobbs
Levi
Levis
Dacron
Cobb
University and Grandview
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