The Best-Laid Plans...

Negotiations toward a bipartisan tax cut go astray

Pity poor Dan Rostenkowski. The chairman of the House Ways and Means Committee is finding that his Chicago-bred ability to cut deals is no match for the disparate forces colliding over the tax-cut issue. The Illinois Democrat had no sooner protected his right flank last week, by exploring with the Reagan Administration the possibility of a compromise tax bill, than he found himself stymied by Democrats who want no part of the multiyear cuts being contemplated, and an Administration that seemed unwilling to make further concessions....

Want the full story?

Subscribe Now

Subscribe
Subscribe

Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on TIME.com

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!