Since you're categorizing movies by the decade then matrix and face-off don't count because they were both released in the 90's. But alas, after much thinking I realized that I had forgotten about the movie "The Rundown". It fits the classic 80's action formula in which it has a macho man, classic pyrotechnics instead of CG, one-liners(I think), and it's modern day instead of fantasy or sci-fi.

But I don't think it's up there with die hard or true lies because I don't remember the body count being too high.