Word: cheneys
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...framework presented by the President," says his top lobbyist, Kenneth Duberstein. Hill leaders agree. But because Reagan's program includes so many unpalatable specifics, another grueling yearlong struggle over spending and taxes is surely in store. "The budget fight will be bloody and partisan," predicts Republican Congressman Dick Cheney of Wyoming...
...bill is supposed to create 320,000 jobs. Few in Congress think it will, at least in time to be of any immediate help to victims of the recession. Dick Cheney of Wyoming, chairman of the House Republican Policy Committee, complains that the gas tax will take money out of the economy immediately, but highway projects, which are notoriously slow to start, will put people to work only gradually. Says Barber Conable, ranking Republican on the House Ways and Means Committee: "There's no way to get the money out quickly, short of shoveling it out of an airplane...
...however, that the tax would really generate a net gain in jobs. Feldstein predicted the plan would end up siphoning off jobs from energy-related sectors. Some on Capitol Hill complained that the proposal was not aimed at areas hardest hit by high unemployment. Said Wyoming Republican Congressman Dick Cheney: "You can make a case that the roads and bridges need work. But I don't believe that it will add jobs...
...homes if mortgage rates, now hovering at a prohibitive 17%, fell below 12%. But in an attempt to salvage the housing industry, both the House and the Senate are voting to spend money the Government does not have for a program whose impact is questionable. Said Republican Representative Dick Cheney of Wyoming: "The bill is a turkey...
...There is a feeling that it is a bum idea and ought to be changed," says Wyoming Congressman Dick Cheney, chairman of the Republican Policy Committee. But, surprisingly, the leasing provisions are defended by some of the very economists who most harshly assail last year's giveaways. Brookings Institution Economist Barry Bosworth grumbles about "all sorts of crazy things" written into the bill but says the leasing provisions will lead to "a reasonable redistribution of [corporate] wealth." Even Greenspan approves the idea. One possible compromise: forbidding the sale of tax benefits by companies like Occidental, which are profitable...