I started on Capitol Hill in the fall of 1989 as an intern for House Minority Leader Bob Michel. Republicans had just elected a firebrand named Newt Gingrich to be their whip. Democrats had just replaced their speaker, Jim Wright, with Tom Foley. And George H. W. Bush was settling in to his first year as president.
Congressman Charles Rangel's fate hangs in the balance as a report concerning the Ways and Means Committee chairman is being prepared for release in early January.
After vowing to drain the cesspool they inherited a dozen years ago, congressional Republicans are now drowning under the accumulated weight of one political scandal after another.
If the recent parade of disturbing headlines about such prominent figures as Rep. Dan Rostenkowski, onetime commodity investor Hillary Rodham Clinton and the Reagans' disrobing daughter Patti Davis...
Watch out: To keep the Social Security retirement trust fund from running in the red, House Ways and Means Committee chairman Dan Rostenkowski has just lobbed the biggest grenade yet in the battle ...
Money Magazine: Ya gotta be kidding updated: Thu Jul 01 1993 00:01:00
Choose sides, then duck. May's Editor's Notes reported that House Ways and Means chairman Dan Rostenkowski had reacted negatively to your letters urging repeal of the new 20% withholding tax on cer...
The Bush Administration is pressing ahead with a politically risky strategy to reach a free-trade deal with Mexico at a time when lost U.S. jobs are uppermost in the voters' minds. The White House ...
AT&T, Berkshire Hathaway, Honeywell, J.P. Morgan, Pfizer, Xerox, and some 70 other corporations have invested $263 million in low-income housing projects since 1987, creating 8,000 homes. In return...
MONEY readers approach unanimity on one issue: back in 1986, Congress should never have legislated away the universal deductibility of Individual Retirement Account contributions. Since it did, mor...
George Bush took a beating in the budget wars, and the Democrats gained the upper hand on fiscal policy for the first time in over a decade. Result: a deal long on taxes -- sold as anti-rich -- and...
A low-deficit dinner is being prepared and despite wide Republican protest, increased taxes are on the table. President Bush has agreed to meet with congressional leaders for a budget summit, sayin...
There's something to annoy everyone in the new deficit-reduction package proposed by House Ways and Means Chairman Dan Rostenkowski. That's the beauty of the plan. His idea is comprehensive, centri...
THERE'S A CURIOUS deja vu -- even voodoo -- about the tax debate in Washington these days. Democratic Senator Daniel Patrick Moynihan has stunned the city with an immodest proposal to cut payroll t...
We have been following the latest big issue to agitate the country's senior citizens -- the issue being who should finance the cost of their catastrophic medical coverage -- and have a forecast abo...
Investors this fall will look for buy and sell signals from the House Ways and Means Committee, where the future of the capital gains tax will be hotly debated. Most committee members support Georg...
Don't sell that stock just yet. Despite House Ways and Means Chairman Dan Rostenkowski's public concession in June that he lacked the votes to pass a capital gains tax cut, committee and Administra...
Fortune: NOW HEAR THIS updated: Mon Jul 03 1989 00:01:00
CHARLES T. MUNGER, 65, longtime associate of Warren Buffett and chairman of California's Mutual Savings & Loan Association, on why his S&L is pulling out of the U.S. League of Savings Institutions:...
With the feds looking for $5.3 billion in revenue increases to reduce the budget deficit this year, a tax cut that mainly benefits the rich is out of the question, right? Wrong. The mathematics of ...
The U.S. being a free country, numerous folks are offering George Bush advice on tax policy. Some of the advisers (including 24 Republicans in the U.S. Senate) are telling George to keep moving his...
Money Magazine: FINANCIAL PLANNING updated: Tue Nov 01 1988 00:01:00
-- Before you buy personal financial software, be sure you're ready to commit two hours each week to entering your data. (Page 47)
Fortune: LOOPHOLE LOVERSupdated: Mon Aug 01 1988 00:01:00
Some tax loopholes have nine lives. Single-premium life insurance, which survived major tax reform efforts in 1984 and 1986, made it through again, after being scarcely touched in this year's techn...
The Tax Reform Act of 1986, perhaps the largest revision of the tax code in U.S. history, was an astonishing event. It took place despite the determined opposition of legions of lobbyists -- and al...
FOR BUSINESS lobbyists, it's time to play defense. With Democrats in control of Congress and the President's clout not what it used to be, this is not a good year to be pushing bold initiatives or ...
Are Republicans and Democrats trading platforms on trade policy? It seemed so in March when the White House blocked Schlumberger Ltd.'s sale of 80% of Fairchild Semiconductor to Fujitsu Ltd., Japan...
WHEN RONALD REAGAN launched his tax reform crusade in November 1984, top congressional tax writers did not rush to enlist. That he ultimately won the war is due mostly to the two fellows pictured a...
IF COMPANIES clipped by the new tax reform act were to follow the standard drill in responding to changes in the tax code, they would proceed as follows: First they would aim to get some redress in...
WHEN RONALD REAGAN launched his tax reform crusade in November 1984, top congressional tax writers did not rush to enlist. That he ultimately won the war is due mostly to the two fellows pictured a...
AFTER MONTHS of relentless hearings and backroom deals, House Ways and Means Committee Chairman Dan Rostenkowski produced a ''tax reform'' package that is a political masterpiece but an economic fl...
Fortune: Upcomingupdated: Mon Dec 23 1985 00:01:00
December 7: OPEC meets in Geneva and will once again try to firm up production quotas. December 12: Congress adjourns for Christmas. By then House Ways and Means Chairman Dan Rostenkowski hopes to ...
Fortune: Upcomingupdated: Mon Dec 09 1985 00:01:00
November 28: Representative Dan Rostenkowski has promised that the House Ways and Means Committee will draft a tax-revision bill by this date. November 29: The Christmas shopping season officially ...
WHEN IT COMES to writing tax law, Congress tends to follow the Biblical injunction that it is more blessed to give than to receive. As Ronald Reagan's tax reform plan -- a carefully crafted balance...
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