Changing Ohio tax formula to raise local revenues
Bipartisan lawmakers seek to loosen Ohio’s 1970s tax cap that keeps millage steady amid rising property values. The plan would let property tax revenues grow up to 5 percent over three years based on reassessment values, with the state education department warning of devastation under current rules. A constitutional amendment would be needed, but critics urge instead more state funding to ease levy pressure on districts and voters.
MENTIONED IN THIS ARTICLE
Newton
Ohio
Richard H. Finan
Cincinnati
Ohio Department of Education
Handcuffs on Wall Street Signal Insider Trading Concern
Federal agents used handcuffs and seized passports in arrests that shocked Wall Street professionals. The cases suggest insider trading is viewed as more serious than prior financial missteps, prompting calls in Congress for closer scrutiny and potential legislative action.
U S fights countertrade and barter boom worldwide
The United States debates countertrade as 1986 estimates propose barter may exceed 1 trillion dollars in global trade. Barter helps preserve foreign exchange, secure imports, expand exports, and ease technology transfers despite U S opposition and limited disclosure by governments.
MENTIONED IN THIS ARTICLE
Commerce Department
Iran
Liberalism returns as Democrats rally in 1988 state of mind
The piece notes Democratic leaders like Mayor Joseph Riley and Jim Hightower predicting renewed liberal policy with higher taxes to fund social programs. It argues conservatives welcome a revived Liberal era, while voters fear inflation and deficits, setting up a charged 1988 political year.
MENTIONED IN THIS ARTICLE
Texas
Jim Hightower
Hightower
Trangate
Double standard on arms policy in Reagan era
Washington observers criticize President Reagan for plans that threaten to violate the ABM treaty and undercut SALT II. They say an SDI driven reinterpretation bypasses Congress, risking a constitutional clash and undermining arms control while pursuing unilateral advantages for the Strategic Defense Initiative.
MENTIONED IN THIS ARTICLE
Washington
Nea
Ronald Reagan
White House
Soviet Union
Reagan
United States
Sam Nunn
D-Ga
Senate Armed Services Committee
SDI
Nunn
Congress
Capitol Hill
Reagan faces last chance for candor in Iran report
The presidential commission led by John Tower is about to issue its findings on the Iran affair. A harsh, candid address by President Reagan could frame what happened, acknowledge flawed policy, and defend motives while condemning illegal actions by aides. He may urge unity under the rule of law and democratic ideals.
MENTIONED IN THIS ARTICLE
Ronald Reagan
National Security Council
White House
Iran
Congress
House
Senate
Sen
John G. Tower
Also Mentioned on This Page
Wall Street
Howard Metzenbaum
U.S
By Jack Anderson and
Dale van Atta
Internal Revenue Service
Organization For Economic Cooperation and Development
Dem
Joseph Riley
Charleston
D.C
US Conference of Mayors
Harry Hopkins
Gary Hart
Walter Mondale
Dickens
George Bush
Aseres
IM Ces
Darzigar
Pall
William A. Rusher
By Robert Walters
Last Chance
Candor
John Hughes
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