Senate approves bill to repeal estate tax
The Senate backed a bill to gradually repeal the estate tax amid GOP support but fell short of a veto-proof margin. Presidents Clinton and Gore criticized the measure while Bush endorsed the plan, arguing it would benefit small businesses and family farms. Nine Democrats joined the 50 Republicans in passage.
MENTIONED IN THIS ARTICLE
House
Clinton
Congress
John McCain
R-Ariz
GOP
Chuck Grassley
Tom Harkin
Lowa
Senate
Eld
Senate Backed Plan to Eliminate Estate Tax
The Senate approved a Republican bill to end the estate tax despite a possible presidential veto. The tax, created in 1916, is projected to raise 26.7 billion dollars in 2000, with about 50 billion dollars in annual revenue lost after full repeal.
MENTIONED IN THIS ARTICLE
Senate
Estate tax threshold and 1998 payment share noted
The plan sets the estate tax threshold at 675000 dollars for individuals this year. It notes that in 1998 only a small percentage of inheriting families paid the estate tax.
Gephardt Urges Gore to Consider Others for VP Pick
House Minority Leader Dick Gephardt pressed Vice President Gore to consider other running mates, signalling he may not be the final choice. Other top contenders include John Kerry and Bob Graham, with George Pataki and Tom Ridge among GOP possibilities. Democrats warned the decision remains fluid.
MENTIONED IN THIS ARTICLE
Washington
House
Dick Gephardt
al Gore
Missouri
Massachusetts
John Kerry
Gore
Gephardt
Bob Graham
Florida
George Mitchell
Maine
Texas
George W. Bush
New York
George Pataki
Bush
Tom Ridge
Pennsylvania
Frank Keating
Oklahoma
GOP
Christopher
William Daley
San Francisco to Issue Medical Marijuana ID Card
San Francisco will issue an official city ID entitling medical marijuana users to protections from local prosecution. District Attorney Terence Hallinan calls it a step toward recognizing cannabis as a legitimate medicinal agent, despite federal opposition and ongoing disputes since 1996.
MENTIONED IN THIS ARTICLE
San Francisco
Terence Hallinan
Office of National Drug Control Policy
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Ways and Means
Laura Nichols
Labor
Los Angeles
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Ridge
Keating
Nebraska
Chuck Hagel
Tennessee
Fred Thompson
Ara
Bhee
R.ame
BENE
Ana da Oy
Esse
AIT Rokkan
PAI Lachey
Markill
Hodgeman
Mountain House
Malone Outfitters
Maloneoutfitters
Williamsburg
Tanger
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