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September 14, 1989 | TOM REDBURN, Times Staff Writer
House Ways and Means Committee Chairman Dan Rostenkowski (D-Ill.) conceded defeat Wednesday in his effort to forge a compromise on reducing the capital gains tax, clearing the way for approval of a proposal supported by President Bush to cut the tax on investment profits over a 2 1/2-year period. The panel is likely to vote today, lawmakers said, in favor of a measure championed by Rep. Ed Jenkins (D-Ga.
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BUSINESS
September 14, 1989 | TOM REDBURN, Times Staff Writer
House Ways and Means Committee Chairman Dan Rostenkowski (D-Ill.) conceded defeat Wednesday in his effort to forge a compromise on reducing the capital gains tax, clearing the way for approval of a proposal supported by President Bush to cut the tax on investment profits over a 2 1/2-year period. The panel is likely to vote today, lawmakers said, in favor of a measure championed by Rep. Ed Jenkins (D-Ga.
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NEWS
October 10, 1985 | Associated Press
Unfazed by a threat of a presidential veto, the House voted today to sharply cut textile and apparel imports that supporters argue "have stolen our jobs." "This is the last gasp of this industry--don't say you weren't told," declared Rep. Ed Jenkins (D-Ga.) in an emotional appeal to the House before it approved the measure 262-159 and sent it to the Senate.
NEWS
September 12, 1989
Rep. Byron L. Dorgan (D-N.D.), a member of the tax-writing House Ways and Means Committee, presented an alternative capital gains tax plan. Dorgan told a news conference that his proposal would target most capital gains tax reductions to families earning less than $200,000 a year and would phase them out to households earning higher incomes. Capital gains are paid on profits from the sale of stock and other assets. The plan appeared to counter a proposal by Rep. Ed Jenkins (D-Ga.
NEWS
September 14, 1989 | From Associated Press
In a major victory for President Bush, the House Ways and Means Committee today approved a tax cut for capital gains despite vehement objections from Democratic leaders. The proposal, which liberals claim is a giveaway to the rich, won by 19 to 17 as six conservative Democrats sided with the 13 Republicans on the panel. The plan, co-sponsored by Reps. Ed Jenkins (D-Ga.) and Bill Archer (R-Tex.), would reduce the maximum tax rate on profits from sales of assets from the current 33% to 19.
NEWS
October 20, 1994
Long Beach continues to receive some of the nation's speediest mail delivery, according to a recent survey. At least 90% of overnight letters that were mailed within the city reached their destinations on time, according to a survey from May 28 to Sept. 16 by Price Waterhouse. Postal service officials in the city attributed the high ranking to teamwork between the city's mail carriers and workers in its central distribution plant.
NEWS
December 15, 1994 | STEVE EAMES
The city has asked the U.S. Postal Service to give Signal Hill its own ZIP code and post office. By unanimous vote, the City Council directed City Manager Douglas N. La Belle to write a letter asking Long Beach Postmaster Ed Jenkins to include a new post office in the Postal Service's five-year capital improvement plan. If Jenkins includes a Signal Hill facility in the five-year plan, the Postal Service will ask all Signal Hill residents and businesses whether they want their own ZIP code.
BUSINESS
March 20, 1985 | Associated Press
The textile and apparel industries, the nation's single largest manufacturing sector, are threatened by low-priced imports, more than 100 lawmakers said Tuesday in introducing a bill to impose tight quotas. Importers, joined by consumer and retail groups, immediately attacked the legislation on the grounds that it could spark a retaliatory trade war and would increase clothing prices.
NEWS
August 5, 1986 | Associated Press
President Reagan, fighting for Administration trade policy on the eve of a crucial House vote, said today that overriding his veto of cuts in textile and apparel imports would shatter global markets. With the House showdown just a day away and both sides scrambling for last-minute votes, textile industry supporters said they are close to victory in their campaign to override the veto.
NEWS
December 2, 1985 | JACK NELSON, Times Washington Bureau Chief
Hamilton Jordan, who served as chief of staff in the Jimmy Carter White House, told The Times Sunday night that he plans to run for the Senate from Georgia next year. "I fully expect to announce the first part of next year when I finish my treatment for cancer, which I think will show I'm completely free of it," Jordan said. "I spent the last few years trying to make money and haven't been very happy because I've gotten away from what I do best--politics."
NEWS
November 19, 1987
The majority report was signed by the six Democratic senators on the panel--Chairman Daniel K. Inouye of Hawaii, George J. Mitchell of Maine, Sam Nunn of Georgia, Paul S. Sarbanes of Maryland, Howell Heflin of Alabama and David L. Boren of Oklahoma. Three Republican senators signed, Warren B. Rudman of New Hampshire, the vice chairman; William S. Cohen of Maine, and Paul S. Trible Jr. of Virginia. Also signing the majority report were the nine Democratic House members--Chairman Lee H.
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