Tax relief plan backed to raise standard deduction
Interim committee endorsed a Tanner Larkin plan to raise both the state standard deduction and personal exemption for 1998 and 1999, plus create a 10 to 15 percent earned income credit for lower income taxpayers. Estimated relief totals grow from 39.3 million in 1998 to 63.6 million by 2000, backed by a projected $200 million revenue surplus and a $66 million windfall from Western Resources. The proposal adds a 65 or blind add on to the standard deduction and indexes the personal exemption for inflation.
MENTIONED IN THIS ARTICLE
Ralph Tanner
R-Baldwian
Tanner
Bruce Larkin
D-Baileyville
Western Resources
Larkin
Statehouse
Tanner-Larkin
GOP campaign finance flap called a nonissue by pundit
Charley Reese argues the three issues around Gore and Clinton campaign finance are minor. He says Gore’s calls from office, DNC soft money ads, and foreign money allegations amount to technical violations at best. He dismisses impeachment prospects and labels Republicans as failing to prove crimes.
MENTIONED IN THIS ARTICLE
al Gore
Gore
Democratic National Committee
Bill Clinton
DNC
Toesucker
Richard Morris
Clinton
IRS
FBI
Asia
China
Israel
Charley Reese
Osoreesead.com
Clinton climate plan draws praise and criticism
Don Kaul argues about global warming and campaign finance, noting Clinton’s plan to cut emissions to 1990 levels by 2008 and urging stronger action. He cites support from environmentalists and opposition from business groups while warning against delaying action. He urges leadership from the United States as a major emitter.
MENTIONED IN THIS ARTICLE
al Gore
Clinton
U.S
Thomas J. Donahue
United States Chamber of Commerce
Winston Churchill
Clinton-Gore
F. James Sensenbrenner Jr
Wisconsin
Scientists of
America
Miami
IRS overhaul gains momentum in Congress
Republicans push for sweeping IRS reform as Clinton administration signals support. The Ways and Means Committee approved the measure 33 to 4 with Democratic dissenters. Senate action may hinge on a new IRS commissioner and future hearings before a potential 1990 election year vote.
MENTIONED IN THIS ARTICLE
Ashington
White House
Congress
Clinton
IRS
Bob Kerrey
Nebraska
Dick Gephardt
Missouri
House
Senate Finance Committee
Ways and Means
Senate
Charles O. Rossetti
William V. Roth
Finance ‘Committee
Secretary of the
Treasury
Rangel
Also Mentioned on This Page
Kansas
Gop
King Features Syndicate
John Adams
Natural Resources Defense Council
Don Kaul
Otcoffee
Aol.com
Tribune Media Services
Michigan Ave
Suite
Chicago
Donald
KAUL
Doonesbury
Weil Nees Has
Iourhair
Mallard Fillmore
Warington
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