Reagan tax plan aims to revamp income system nationwide
Ronald Reagan proposes wholesale tax reform to shrink government, boost free markets, and spur investment. Economists caution on growth impact. plan repeals state and local tax deductions, favors small business, and shifts burden to corporations while lowering top rates from 70 to 35 percent.
MENTIONED IN THIS ARTICLE
Washington
Ronald Reagan
Jimmy Carter
John F Kennedy
Reagan
Ias
New York
Congress
William A. Niskanen
Council of Economic Advisers
Tax Plan Sparks Mixed Reaction Among Experts
Experts debate Reagan era proposals with a 35 percent top individual rate for households earning over 70 thousand dollars and 42 thousand for singles. Critics warn deductions on state taxes and investment credits may burn service firms like Fay's Drugs while capital-intensive industries suffer.
MENTIONED IN THIS ARTICLE
James F. Poole
Fay’s Drug Co. Inc
Reagan
Robert Hanaberly
Pricesterhouse
Kihnetop
Russell Osgood
Cornell University
Osgood
Linaberry
Fay's
New York
Poole
Paule c
Cornell
Kinnetop
General Dynamics
General Electric
Klinetop
Kinetop Ae
Reagan unveils sweeping tax reform plan
President Ronald Reagan proposed a 300 page tax reform package shifting more burden to corporations and cutting top rates. He aims for a three rate structure 15 25 and 35 percent and a near doubling of personal exemptions to 2000. He travels to Williamsburg Oshkosh and Malverne to drum up support while faces Democratic and Republican scrutiny from key lawmakers like Dan Rostenkowski Jack Kemp and Senate Leader Robert Dole.
MENTIONED IN THIS ARTICLE
America
Reagan
Congress
Williamsburg
Oshkosh
Wis
Malverne
House of Representatives
Senate
Dan Rostenkowska
Imais
House Ways and Means Committee
Democratic Party
Rostenkowski
Roosevelt
Truman
Kennedy
Ronald Reagan
Rosten
Capitol Hill
Jack Kemp
R-N.y
Kemp
New York
Woman reports dog attack by neighbor’s animal
A resident at 255 West Borden Avenue described a fierce incident in which a wolf like dog owned by the Spoons allegedly maimed a child in a yard. The neighbor denied ownership of the dog and claimed repeated burglaries led to heightened charges.
MENTIONED IN THIS ARTICLE
W. Borden Ave
Von Bulow's Ex Lover Testifies About Relationship
The former lover says she persisted after von Bulow and his wife, denies being a mistress, and recalls he proposed marriage after they met in 1978. She adds she loved him and discusses definitions of their relationship.
MENTIONED IN THIS ARTICLE
von Bulow
Puercio
Also Mentioned on This Page
Peter T. Kilborn
New York Times News Service
White House
Smanlpa
Roger E. Brunner
Treasury
James A. Baker
Richard G. Darman
Robert C. Dole
Treapertinent
Henry J. Aaron
Brookings Institution
Henaalf Racaias
Saia Yeriine
Joseph Cummings
Omment
Jericho
Marketplace Mall
ATE
East Circle Dri. M4
Cannon Independence Velour
Bath
Clay Dewitt Raymour Plaza
Erie Blvd
Raymours & Perkins
Sun
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