Word: branegan
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...just maybe ? some of this begging-to-be-vetoed bill might survive the summer. "The fact that it has so many of the earmarks of William Roth?s (R-Del) Senate version means there is some possibility of splitting the difference with Clinton," says TIME White House correspondent Jay Branegan. "But first they?re going to go home and see if they can sell it, and get some leverage from the voters...
...Reported by Jay Branegan and Adam Zagorin/Washington
...vote that got ?- but didn?t need ?- support from four Democrats, Senate Republicans passed their ten-year, $792 billion plan to give Americans an annual April dividend on their surplus. They don?t have a bill that'll go anywhere -? President Clinton, says TIME White House correspondent Jay Branegan, "will veto anything this big" -? but Senate Majority Leader Trent Lott and his House counterpart, Speaker Denny Hastert, have their defining issue. "We want to cut taxes and the President wants to spend it," Lott said after the vote. "That's what the fighting is all about." Well, that?s what...
...penalty," reduce estate taxes and increase contribution limits for IRAs. The House proposal is uncompromising swordplay -- cut the capital-gains tax and slash income taxes, across the board, by 10 percent. "It?s up to the Republican caucus what they want to do now about a final bill," says Branegan. "If they decide to try to attract some Democratic support, it?ll look more like the Roth plan. If they want to make an ideologically pure statement, it?ll be more like the House version." Clinton insists he doesn?t care what it looks like -- $792 million is too much...
...penalty should be much lower, on the order of $33,737, they accepted the judge's ruling. "Judge Wright has always made clear that if Clinton wanted to litigate her contempt findings, he risked opening up a whole can of worms," says TIME magazine White House correspondent Jay Branegan. No one at the White House likes the contempt finding and the penalty, reports Branegan, but some Clinton supporters are saying that rather than have the country go through the constitutional crisis of an impeachment, it would have been better to have the matter settled this way from the beginning. Though...