Reagan advisers urge consumption tax boosts to cut deficits
White House aides push for selective tax increases on alcohol tobacco and gasoline as part of a plan to shrink the next several years deficits below 100 billion dollars. Reagan and Regan signal possible 1983 and 1984 tax hikes while maintaining the income tax cuts.
MENTIONED IN THIS ARTICLE
New York Times
Washington
Reagan
Treasury
Donald T. Regan
David A. Stockman
Office of Management and Budget
Murray L. Weidenbaum
Council of Economic Advisers
Stockman
Weidenbaum
James A. Baker 3d
White House
Regan
Nbc-Tv
Henry Kaufman
Wall Street
Congress
Alimony tax rules explained in divorce settlements
IRS guidance covers when alimony is deductible for the payer and taxable for the recipient, with rules on periodic payments, lump sums, and conditions that affect tax treatment. Child support remains non deductible and not income to the recipient, while custody affects who can claim dependents.
MENTIONED IN THIS ARTICLE
Internal Revenue Service
IRS
Newspaper Enterprise Assn
Average car aging prompts optimism for 1982 auto market
Robert Schwartz of American Motors argues many owners will replace aging cars in 1982 as demand shifts to newer, more fuel efficient models. 1981 auto sales fell 5.3 percent to the lowest rate since 1961, with high rates and prices hurting demand.
MENTIONED IN THIS ARTICLE
Associated Press
Robert Schwartz
American Motors Corp
Treasury
Bank
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