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House tax chiefs push $200 billion decade cut plan
House Ways and Means Chair Bill Archer and Democrat Dick Gephardt floated major tax relief ahead of Congress return. Archer seeks to drop overall tax take from 19.9 to 19 percent of GDP, costing about $200 billion over ten years with debt repayment, while Gephardt plans a broad 10 percent rate with extensive eliminations. The White House warned about paying for cuts, and Archer cited a large budget surplus as support.
MENTIONED IN THIS ARTICLE
Washington
House
Congress
Dick Gephardt
Gephardt
House Ways and Means
Bill Archer
Archer
R-Texas
House Budget Committee
White House
Mike McCurry
D-Mo
Commonwealth Club
San Francisco
GOP
IRS
Iris Law
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