November 30, 1996 in Nation/World

Don’t Pencil In Accord On Tax Cuts

Compiled From Wire Services

Despite gushy talk of bipartisanship, it won’t be easy for congressional Republicans and President Clinton to agree on how to cut taxes and how to pay for it.

Both sides support a middle-class tax cut, more generous Individual Retirement Accounts and a per-child credit. But they disagree on how to pay for new tax reductions.

Rep. Bill Archer, R-Texas, said he’s not averse to scrapping outdated tax breaks, but Congress already reduced or eliminated the most lucrative breaks to finance health insurance reform and small-business tax relief.

Get stories like this in a free daily email

Please keep it civil. Don't post comments that are obscene, defamatory, threatening, off-topic, an infringement of copyright or an invasion of privacy. Read our forum standards and community guidelines.

You must be logged in to post comments. Please log in here or click the comment box below for options.

comments powered by Disqus