The Marine Has Landed

As the tax-cut battle heats up, Donald Regan warms to his task

"I've never backed away from a fight," says Donald Regan, 62, World War II Marine and former chairman of Merrill Lynch & Co., largest brokerage firm in the country. In the past several months, the Treasury Secretary has remained true to his word. As point man in the Administration's drive for a threeyear, 25% cut in personal income taxes, Regan has emerged from the obscurity of his first days in office—and from the shadow of highly visible Budget Director David Stockman—as a...