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...latest statistics from the Joint Committee on Taxation confirm what has been a long and disturbing trend. "The burden on the middle class has always been outsize," says TIME columnist Daniel Kadlec. "The last tax reform law simply did not include enough people." While it's good that low-income households are benefiting from tax breaks, Congress has failed to consider that married cops and schoolteachers, in households where both spouses work, can now jointly earn $100,000 a year. "But in big cities like New York or Chicago, that hardly makes them rich," says Kadlec...
...banks, wittingly or unwittingly, helping criminals move funds to safe harbors around the world?" Levin asked. "If the answer to that question is yes, then the Congress had better close down the loopholes that allow it." Already this week federal regulators will issue new rules requiring banks to confirm the identities of their customers and the sources of large fund transfers...
Burleigh did confirm a report in yesterday's Yale Daily News, which said that police were focusing their investigations on a three-block area around the site of Jovin's murder...
This is how the day has gone at President Clinton's impeachment hearings: At one point, North Carolina Republican Howard Coble presented Clinton lawyer Greg Craig with this riddle: "Can you all confirm or reject my anxiety process?" Nobody even blinked, which was only appropriate for a day in which everyone stuck to the script and nobody appeared to be listening. It didn't look like a judiciary committee, and it barely played...
Hyde meanwhile sent the White House a list of 81 questions, asking that the President confirm or deny specific findings in Starr's report. Some of the "requests for admission" ask whether he lied in his deposition in the Paula Jones case or in his testimony before Starr's grand jury. White House lawyers say they are working on quick replies, but don't expect them to send any that admit to outright perjury or obstruction of justice. The Republican strategy, cooked up before the election, seemed to be that eliciting denials from the White House on some issues would...