Bankers turn to defend grandma cash in tax repeal debate
Senators including Wisconsin’s Bob Kasten shift toward repealing the 10 percent withholding on interest and dividends as bankers seek a new role in backing the little old ladies. The House mirrors this dynamic with similar alignments. Opponents warn of tax relief for bankers, while supporters cite paperwork savings, yet public sentiment and party faith erode amid the conflict.
MENTIONED IN THIS ARTICLE
Washington
Bob Kasten
Wisconsin
National Party
Capitol Hill
Bankers push exclusion for withholding tax on savers
Kilpatrick notes bankers claim up to 21 million of 26 million could be excluded by a new withholding form that probes age and income but omits income questions. He frames the plan as a tax shift, with Treasury estimating 4 billion dollars yearly in accelerated taxes, likely prompting future tax law changes to burden depositors and borrowers.
MENTIONED IN THIS ARTICLE
Beardsley
Reagan
Treasury
Kasten
Independent PACs fail to topple incumbents in 1982 races
A United Press International review shows independent political action committees spent about 5.7 million in 1982, with NCPAC accounting for nearly 3.2 million, yet they failed to defeat major incumbents like Edward Kennedy or notable targets such as Orin Hatch. Analysts expect strategy and polling shifts as groups reassess future campaigns.
MENTIONED IN THIS ARTICLE
Washington
Senate
George McGovern
South Dakota
National Conservative
NCPAC
Indiana
Iowa
Idaho
Federal Election Commission
FEC
Edward Kennedy
Dmass
Paul Sarbanes
Dmd
House
Thomas O'Neill
John Melcher
D-Mont
Montana
Howard Cannon
D-Nev
Harrison Schmitt
Cannon
Schmitt
Sen
Orin Hatch
Utah
Sarbanes
Kennedy
Early education panic in a prep school tale
A dinner conversation reveals pressure on toddlers to enter pre-pre-nursery programs. Parents demand readiness, but a two year old named Jason resists potty training and punishes attempts to discuss schooling, reflecting a broader fixation on early achievement.
Pressure of Ben’s success haunts Jason in family talk
Mrs Marks defends Jason while Mr Marks worries about pre nursery prospects. They compare Jason with his brilliant five year old brother Ben, who is already accepted by top nursery schools. The dialogue highlights parental anxiety about early education and “no free lunch” in life.
MENTIONED IN THIS ARTICLE
Jason
Ben
Mrs. Marks
Mr. Marks
Marks
Reagan uses national security guise to tighten news censorship
A Newhouse News Service analysis contends the Reagan administration is expanding censorship under the banner of national security. It cites lie detector probes for officials, pre clearance for interviews, and secret monitoring by the Justice Department, arguing these steps curb information and press freedom.
MENTIONED IN THIS ARTICLE
Washington
Reagan
United States
White House
Justice Department
Congress
Kennedy
Johnson
Nixon
Ford
Carter
FBI
CIA
CTA
Department of Agriculture
Department of Labor
Also Mentioned on This Page
James J. Kilpatrick
Clay Richards
United Press International
Newsweek
Markses
Culpepper
Tome
Art Buchwald
Jack Landau
State Department
Defense Department
Treasury Department
Newhouse News Service
Marine
Ant
POSC
Foxy Marine Midland Bank
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