Reagan pledges real tax reform and government shrinkage
President Reagan vows to push real tax reform to simplify and fairify the tax system and promises to shrink government size. In a speech to thousands of political appointees he cautions against complacency, pledging to transform America and uphold traditional values.
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Reagan to curb federally guaranteed college loans
President Reagan plans to ask Congress to deny federally guaranteed loans to students from families earning over 32 500 dollars a year, shrinking aid for many undergrads graduate students and Pell Grants. The budget also imposes a 4000 dollar annual cap on total federal aid and pushes some borrowers to pricier auxiliary loans for parents.
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Reagan says terrorists still face U.S. retribution
President Reagan said the United States plans retaliation for Beirut bombings but will not detail actions to avoid tipping off killers. He cited gathering intelligence with friendly nations, warned against harming civilians, and noted ongoing pursuit of those responsible for Marine barracks and embassy attacks. He also discussed domestic critique, WWII anniversary plans, and cautious views on U.S.-Soviet nuclear talks.
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Meese Reimbursement Sparks Senate Criticism
A Republican senator on the Judiciary Committee questions Edwin Meese III's $720,000 reimbursement request for legal fees defending conflict of interest allegations. Senator Grassley said if Meese pursues payment, every citizen deserves equal treatment as federal court records reveal the Justice Department challenges the request. Grassley avoided signaling his vote, calling it potentially tough and noting time will tell.
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