Tax overhaul debate centers on who pays the burden
Republicans push flat and sales tax ideas as Democrats label the plans a scam shifting taxes to the middle class. Kemp and Forbes back a single rate with exemptions, while Dole media cautiously supports flatter rules. Democrats argue current system favors the wealthy and loopholes remain.
MENTIONED IN THIS ARTICLE
Washington
GOP
Jack Kemp
Kemp
Internal Revenue Service
CNN
Larry King
Steve Forbes
GOF
Forbes
Burt
Len Bob Dole
Dole
Senate
Sam Gibbons
Florida
Ways and Means
House
Dick Gephardt
Missouri
Treasury
Robert Rubin
Clinton
Republican Commission
Debating Flat Tax Proposals and Status Quo Defense
A reader asks how a flat tax would affect personal and capital gains taxes and deductions under a two thirds congressional vote. The piece notes differences from the current progressive system, questions rates like 15 or 39.6 percent, and cites Kemp defending the status quo.
MENTIONED IN THIS ARTICLE
Congress
Budget talks stall as Clinton must offer new ideas
Washington AP report says budget talks between President Clinton and Republicans are at impasse with GOP demanding new proposals to balance the budget before resuming talks. White House says progress is uncertain as Medicare and Medicaid savings, taxes, and federal health welfare reform split the sides.
MENTIONED IN THIS ARTICLE
Clinton
Washington
White House
Mike McCurry
Senate
Bob Dole
House
Newt Gingrich
Dick Armey
Dole
New Planets Found Around Nearby Stars Hint at Life Zones
Astronomer Geoffrey Marcy reports two exoplanets orbiting 70 Virginis in Virgo and 47 Ursae Majoris in the Big Dipper. One planet, about nine Jupiter masses, may harbor liquid water in a 116 day orbit. the other, about three Jupiter masses, orbits every 1100 days. Both lie within 40 light years and resemble Jupiter in scale, sparking excitement about a new era in planetary science.
MENTIONED IN THIS ARTICLE
San Antonio
Geoffrey Marcy
San Francisco State University
American Astronomical Society
Pegasi
Marcy
Earth
Jupiter
Virginis
Barbara Jordan remembered as powerful voice for justice
Former congresswoman Barbara Jordan, a trailblazer as one of the first Black legislators from the South since Reconstruction, dies at 59 from pneumonia linked to leukemia. Known for ethical standards and eloquence at Watergate hearings and party conventions, she leaves a legacy of civil rights advocacy and bold leadership.
MENTIONED IN THIS ARTICLE
Barbara
Treasury
Lloyd Bentsen
Ms. Jordan
George Chrishan
Lyndon B. Johnson
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