Lott urges partial payroll tax and capital gains cut to juice economy
Senate Republican leader Trent Lott proposed tying a Social Security payroll tax cut with a capital gains tax cut to inject cash into the economy. President Bush showed openness, while aides warned he may wait to assess the impact of current tax cuts. In the House, Republicans debated automatic spending cuts across domestic and defense programs if Social Security funds are tapped, excluding Social Security and Medicare, with a 3 percent agency-wide trim if a $162 billion goal misses by $12 billion.
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Washington
Senate
Congress
Bush
House Budget Committee
Budget Committee
Jim Nussle
Iowa
Biden warns missile defense could trigger arms race
Senator Joseph Biden says abandoning the 1972 ABM treaty to pursue missile defense may provoke a new arms race and alienate allies. He urges weighing defense plans against other priorities amid a tight budget and President Bush tax cuts.
MENTIONED IN THIS ARTICLE
Washington
Joseph Biden
United States
Senate Foreign Relations Committee
America
Biden
Asia
Bush
Defense
Donald H. Rumsfeld
Grand jury rejects case against Condit in California
A Stanislaus County civil grand jury voted to take no action on Anne Marie Smith’s complaint that Rep. Gary Condit obstructed justice by urging her to sign an affidavit denying an affair. The jury cites lack of proper jurisdiction and mailed its decision to Smith’s attorney.
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Condit
Modesto
Calif
Gary Condit
Stanislaus County
Robert E. Johnson
Anne Marie Smith
Mike Lynch
Don Thornton
Erin Heads Out to Sea as U S Hurricane Erin Rides Off
Hurricane Erin strengthened to 120 mph over the Atlantic and loomed away from the United States after brushing Bermuda. An official at the National Hurricane Center cautioned the storm could barely clip Newfoundland but was unlikely to affect land. In separate dispatches, a US airman faced rape charges in Japan denying the accusation, while Elizabeth Dole prepared to announce a bid for the North Carolina Senate, amid questions about her residency and past political roles.
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United States
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