Tax Reform Questions Cloud Planning

By Chet Currier, Ap | THE JOURNAL RECORD, September 1, 1985 | Go to article overview

Tax Reform Questions Cloud Planning


Chet Currier, Ap, THE JOURNAL RECORD


NEW YORK - It's becoming more and more apparent that President Reagan's vaunted skills as a salesman will be severely tested this fall on t he subject of tax reform.

Nobody expected the plan put forward by his administration to sail swiftly and smoothly through Congress and into law. The power of the ""special interests'' to object, obstruct and delay was well known.

But according to pollsters and legislative leaders of both parties, the proposal has failed to stir enthusiasm among the general public, whose backing it was hoped would give great impetus to the push for overhauling the tax system.

In a typical reading, the accounting firm of Ernst & Whinney found in a survey of 2,500 people that the great majority - 63 percent - want a new, simpler tax code. But only 37 percent said they liked the one Reagan has put forward.

Leading lawmakers ranging from Rep. Thomas P. O'Neill Jr., D-Mass., to Sen. Jesse Helms, R-N.C., have said in recent days that the plan has engendered little excitement.

""The people on the street - they never mention it,'' said O'Neill.

Reported Helms: ""I have not heard one person in North Carolina mention it except in a deprecating way.''

""I don't expect we will see it in its final form this year,'' Helms added.

Appraising the outlook, the Value Line Investment Survey, the nation's largest investment advisory service, said: ""We think that tax reform efforts will not result in the passage of any legislation until 1987 at the earliest.

""Passing the annual budget has become so time consuming that Congress would probably have trouble bringing about such a sweeping change in the tax code in a single year.

""Few in Washington now think there's any chance for passage in 1985, and in 1986 the elections will be prominent on the minds of those in Congress. …

The rest of this article is only available to active members of Questia

Already a member? Log in now.

Notes for this article

Add a new note
If you are trying to select text to create highlights or citations, remember that you must now click or tap on the first word, and then click or tap on the last word.
One moment ...
Default project is now your active project.
Project items

Items saved from this article

This article has been saved
Highlights (0)
Some of your highlights are legacy items.

Highlights saved before July 30, 2012 will not be displayed on their respective source pages.

You can easily re-create the highlights by opening the book page or article, selecting the text, and clicking “Highlight.”

Citations (0)
Some of your citations are legacy items.

Any citation created before July 30, 2012 will labeled as a “Cited page.” New citations will be saved as cited passages, pages or articles.

We also added the ability to view new citations from your projects or the book or article where you created them.

Notes (0)
Bookmarks (0)

You have no saved items from this article

Project items include:
  • Saved book/article
  • Highlights
  • Quotes/citations
  • Notes
  • Bookmarks
Notes
Cite this article

Cited article

Style
Citations are available only to our active members.
Buy instant access to cite pages or passages in MLA, APA and Chicago citation styles.

(Einhorn, 1992, p. 25)

(Einhorn 25)

1. Lois J. Einhorn, Abraham Lincoln, the Orator: Penetrating the Lincoln Legend (Westport, CT: Greenwood Press, 1992), 25, http://www.questia.com/read/27419298.

Cited article

Tax Reform Questions Cloud Planning
Settings

Settings

Typeface
Text size Smaller Larger Reset View mode
Search within

Search within this article

Look up

Look up a word

  • Dictionary
  • Thesaurus
Please submit a word or phrase above.
Print this page

Print this page

Why can't I print more than one page at a time?

Help
Full screen

matching results for page

    Questia reader help

    How to highlight and cite specific passages

    1. Click or tap the first word you want to select.
    2. Click or tap the last word you want to select, and you’ll see everything in between get selected.
    3. You’ll then get a menu of options like creating a highlight or a citation from that passage of text.

    OK, got it!

    Cited passage

    Style
    Citations are available only to our active members.
    Buy instant access to cite pages or passages in MLA, APA and Chicago citation styles.

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn, 1992, p. 25).

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn 25)

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences."1

    1. Lois J. Einhorn, Abraham Lincoln, the Orator: Penetrating the Lincoln Legend (Westport, CT: Greenwood Press, 1992), 25, http://www.questia.com/read/27419298.

    Cited passage

    Thanks for trying Questia!

    Please continue trying out our research tools, but please note, full functionality is available only to our active members.

    Your work will be lost once you leave this Web page.

    Buy instant access to save your work.

    Already a member? Log in now.

    Oops!

    An unknown error has occurred. Please click the button below to reload the page. If the problem persists, please try again in a little while.