In memory of a friend. (Off The News).DONALD T. REGAN was a brash, dashing, and thoroughly charming U.S. Treasury U.S. Treasury Created in 1798, the United States Department of the Treasury is the government (Cabinet) department responsible for issuing all Treasury bonds, notes and bills. Some of the government branches operating under the U.S. Treasury umbrella include the IRS, U.S. Secretary. He had style but style was not what he was all about. Regan wanted to make a difference and his accomplishments prove that he did. He was a major figure in the development and implementation of two of the most important tax policy changes in U.S. history: The 1981 Economic Recovery Tax Act that dramatically cut income tax rates for individuals and businesses, and the Tax Reform Act of 1986 that further cut individual income tax rates to their lowest levels in modern memory. But it is too simplistic sim·plism n. The tendency to oversimplify an issue or a problem by ignoring complexities or complications. [French simplisme, from simple, simple, from Old French; see simple to characterize Regan as a low-tax anti-government Reaganite. He had a tough enforcement mentality and believed that every citizen had a duty to pay his share of taxes, especially if the system was designed fairly. Regan, always a friend to this magazine, was an inter nationalist who believed in cooperative effort with U.S. trading partners and initiated the Latin America Latin America, the Spanish-speaking, Portuguese-speaking, and French-speaking countries (except Canada) of North America, South America, Central America, and the West Indies. debt restructuring Debt Restructuring A method used by companies with outstanding debt obligations to alter the terms of the debt agreements in order to achieve some advantage. Notes: of the 1980s. But he liked friendly competition and was too much of a "markets man" to support political attempts to structure exchange rates. Don Regan was a great cabinet secretary to work for. His early morning staff meetings were comprehensive and exciting, like the planning of a military campaign from his earlier Marine Corps days. Everyone was accountable, but you also felt part of a special team and wanted to do your best. Donald T. Regan made a difference, and he will be missed. JOHN E. CHAPOTON Assistant Secretary for Tax Policy, 1981-84 CHARLES H. DALLARA Assistant Secretary for International Affairs Noun 1. international affairs - affairs between nations; "you can't really keep up with world affairs by watching television" world affairs affairs - transactions of professional or public interest; "news of current affairs"; "great affairs of state" , 1989-91; and Senior Deputy Assistant Secretary for International Economic Policy, 1985-88 THOMAS C. DAWSON II Assistant Secretary for Business and Consumer Affairs, 1984-85 MANUEL H. JOHNSON Dr. Manuel H. Johnson is Co-Chairman of Johnson Smick International, a consulting firm in Washington, D.C. that specializes in economic and political policy effects in global financial markets. Dr. Johnson received his Ph.D. in economics from Florida State University. Assistant Secretary, for Economic Policy, 1982-86 ANN MCLAUGHLIN KOROLOGOS Assistant Secretary for Public Affairs Those public information, command information, and community relations activities directed toward both the external and internal publics with interest in the Department of Defense. Also called PA. See also command information; community relations; public information. , 1981-84 MARC E. LELAND Assistant Secretary for International Affairs, 1981-84 DAVID MULFORD Under Secretary and Assistant Secretary for International Affairs, 1984-92 W. DENNIS THOMAS Assistant Secretary for Legislative Affairs, 1981-84 BERYL W. SPRINKEL Under Secretary for Monetary Affairs, 1981-85 PETER J. WALLISON General Counsel, 1981-85 |
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