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...Maine Sen. Olympia Snowe has an amendment drafted to allow Navy shipyards to pay taxes on the profit from a ship contract after the vessel is built instead of while it's under construction. That would mean Bath Iron Works, the shipyard in her state, would have more cash on hand during the years a ship is being built. Snowe insists her measure "would not reduce the amount of taxes ultimately paid by a shipbuilder. It simply would defer payment until the profit actually is known...
...Sen. Bob Graham wants to stretch out the taxes citrus growers must pay for the $83 million they got in federal aid when they lost trees to citrus canker. Citrus canker has been sweeping through Florida and the only way farmers can stop it is to cut down the trees. Graham wants his farmers to have a longer time to pay taxes on the compensation they get from the federal government for their loss...
...White's office has been working at a rapid clip on the pardons investigation as well as the probe of New Jersey Sen. Robert Torricelli. In the Marc Rich portion of the pardons inquiry, former White House counsel and Rich lobbyist Jack Quinn testified before the grand jury a total of four times - and none of the occasions were pleasant. Two Texans who claim they were defrauded by Roger Clinton, the former president's brother, are scheduled to testify in June. In the Torricelli probe, prosecutors are trying to amass enough physical and other evidence to overcome the fact that...
...Among the names that have floated to replace White are Gov. George Pataki's counsel, James McGuire, and criminal lawyer Thomas Engel, a former federal prosecutor in N.Y. and a Federalist Society member. But the change in control of the Senate could give Democratic Sen. Chuck Schumer a bit more sway in the choice...
...senator who's being coy about whether he might switch is Vermont Republican Sen. James Jeffords. When newspapers began suggesting last week that Jeffords might bolt for the Donkey Party, Jeffords had his press secretary issue a weak denial. "Sen. Jeffords is very comfortable as the most conservative member of the Vermont delegation," says spokesman Erik Smulson. "Regardless of party label, he will do what he thinks is best for Vermont and the nation." So does that mean he could do what's best for Vermont as a Democrat? "That's all I'm authorized to say," Smulson says...