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Conferees set deal on adoption credit and wage hike
Congressional negotiators reached agreement on a bill to raise the minimum wage and cut business taxes, including a $5 000 adoption expense credit. The plan would allow up to $5 000 per child to be deducted, with five years to carry unused credits. The minimum wage would rise to 4 75 per hour on an Oct 1 start, with a second rise to 5 15 planned for Sept 1 1997.
MENTIONED IN THIS ARTICLE
Washington
House
Senate
House Ways and Means
Bill Archer
R-Texas
Edward Kennedy
D-Mass
Kennedy
GOP
Clinton
Congress
Archer