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Bush proposes higher alcohol taxes in deficit plan
The White House promotes a 50 billion deficit-reduction package detailing higher alcohol taxes and spending cuts. Negotiators report progress but warn major gaps remain before August recess, with Dole and Gephardt noting tough disagreements. The plan would also renew capital gains tax cuts and may trigger Gramm-Rudman cuts if deficits persist.
MENTIONED IN THIS ARTICLE
Washington
White House
Congress
Senate
Bob Dole
R-Kan
House
Richard Gephardt
D-Mo
Bob Packwood
R-Ore
Bush
Packwood
Gramm-Rudman