Into a Daunting New Year

For the budget, tax reform and arms control 1986 could be a watershed

When they reach the age of 75, even the most resilient of men and women are tempted to settle back and reflect on the past with a mixture of pride and wistfulness. Ronald Reagan does not have that luxury or, in fact, that temperament. As he rings in the sixth year of his presidency at the Palm Springs estate of Publisher Walter Annenberg this week and looks forward to his 75th birthday a month later, he faces a year that may be critical for his principal goals: scaling back the role of Government and improving the prospects for peace and security.

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