Word: tax-cutting
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...House Republicans going to celebrate the triumphant end of their first "100 days" (actual count: 91 days) in power? Still flushed from Wednesday's tax-cut win , House Speaker Newt Gingrich and other GOP luminaries gathered in a Washington hotel ballroom this evening for a pull-out-the-stops jubilee entitled "Promises Made, Promises Kept." First on the bill,TIME Washington correspondent Nina Burleighreports: an R&B band called (believe it or not) the Red Hot Swinging Johnsons...
Bitten by Democratic attacks characterizing the G.O.P.'s tax-cut package as a huge giveaway to the rich, nearly half the House's 230 Republicans petitioned their leadership to scale back the scope of the breaks. The dissidentsasked that the plan's $500-a-child annual tax credit be limited to families earning up to $95,000, down from the $200,000 proposed...
Utah Republican ENID GREENE WALDHOLTZ is one elected official who will deliver. The freshman Congresswoman is pregnant, and colleagues are treating her with the care reserved for tax-cut legislation. Advised Yvonne Brathwaite Burke, the only other woman to have a baby while in Congress (in 1973): Wear low heels, and "introduce all the bills you want now, because everyone will be afraid to debate...
House Republicans formally unveiled their long-promised tax-cut plan. Among the proposals: a $500-per-child tax credit for families earning up to $200,000 a year, a capital-gains tax reduction and various corporate tax breaks. The plan was immediately criticized by Democrats as a giveaway to the rich. The package, whose five-year cost in lost revenues is estimated at $189 billion, also received cool reviews in the Senate--even among Republicans, where deficit reduction is a pre-eminent concern...
House Minority Leader Richard Gephardt today tried to end-run the GOP tax-cut fervor by proposing that four-fifths of Americans in lower income groups pay a flat tax of between 10 and 11 percent. The wealthiest Americans under the Gephardt proposal would pay a higher rate, not yet specified. Gephardt floated the plan in testimony before the House and Ways Mean Committee. He also attacked the alternative GOP flat-tax plan, pushed by House Majority Leader Richard Armey (R-Texas), as "a massive redistribution of wealth from the middle class to the wealthiest Americans" because it exempts income...