CALIFORNIA | LOCAL
August 13, 1988
Congress' indignation and concern about the deteriorating situation in South Africa make its drive to adopt more assertive sanctions understandable. But they are not likely to survive the near-certain veto of President Reagan, and, in the long run, that may very well be for the best. One good reason for postponing implementation of new sanctions is that the old sanctions have not had a fair test. The evidence suggests that part of the problem has been foot-dragging by the Reagan Administration.
September 11, 1988 |
While an estimated $10 million-plus will be spent to support hundreds of candidates this election year by organizations keyed to housing/finance activities, there's still a strong chance that the next Congress will further erode the mortgage interest tax deductibility advantage of home ownership. For decades, most housing professionals regarded the mortgage interest deduction for home ownership as sacrosanct.
March 25, 1987 |
Sweeping trade legislation containing new power to aid U.S. industry and punish unfair foreign practices with import curbs cleared its major House committee hurdle today. "The bill we are reporting is tough but fair," Rep. Dan Rostenkowski (D-Ill.), chairman of the House Ways and Means Committee, said. "It sends our trading partners a strong message that the time for excuses is over." Only Reps. Philip M. Crane (R-Ill.) and Hal Daub (R-Neb.
November 17, 1985 |
The House Ways and Means Committee, continuing work over the weekend in an effort to finish drafting a sweeping tax bill by this week, voted Saturday to dramatically restrict the tax credits businesses may claim for their overseas operations and give less generous tax breaks to Americans working in foreign countries. The new regulations, if enacted into law, would increase taxes paid by multinational corporations and U.S. taxpayers working overseas by $12 billion over five years.
August 6, 1986 |
The House of Representatives, by a slim eight-vote margin, today sustained President Reagan's veto of a bill setting stiff limits on textile, clothing and shoe imports. The 276-149 vote in the Democratic-controlled chamber fell short of the two-thirds majority required to override a veto. No further action is required in the Republican-led Senate to uphold the President's December, 1985, veto.