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US Congressional Republicans ’ to press tax cutting agenda

Senate to vote on issue this week
WASHINGTON, July 12; Congressional Republicans Vowed yesterday to press ahead with bills abolishing estate taxes and reducing taxes for married couples despite opposition from President Bill Clinton to big tax cuts, reports Reuters.
A Republican-backed bill that would phase out estate taxes passed one procedural hurdle in the Senate on Tuesday. setting the state for another key vote on the issue later this week when Senators will also be voting on a bill that would cut taxes for married couples by $248 billion over 10 years.
This year, we are going ‘to send to the president the elimination of the marriage penally (ax. We re going to send to the president, unless the Senate Democrats block it. the elimination of the death tax penalty." Senate Majority Leader Trent Lott told reporters.
The Senate agreed on Tuesday to take up the bill to cut estate taxes, but it faced other hurdles as Democrats pressed to be allowed to offer amendments that highlighted their priorities, including tax breaks for education and child care and a prescription drug benefit for elderly Medicare recipients.
Small business owners and farmers have urged elimination of tlje estate tax. saying it often forces the sale of a family business. Republicans say the Issue has broad support among Americans, putting electionyear pressure on Democrats who plan to offer an alternative
to ease estate taxes on individuals. small businesses and farmers.
The White House says only 2 per cent of estates are subjected to the tax in any given year adds that the Republican-backed bill would benefit only the wealthiest
"We ll propose a reasonable alternative that costs a lot less." Senate Democratic Leader Tom Daschle of South Dakota told reporters. "Unlike the Republican plan, our plan really will help family fanners and small-business owners. And we ll do it sooner than the Republican plan and we'll use the money left over to help working families with real needs."
A similar bill passed the House in June with 65 Democrats joining the Republican majority. Lott said he be-llevcs many Senate Democrats would join the Republican majority and bm k the estate tax cut if they can < ut through the procedural hurdles and bring it to a vote.
The House tieserves a lot of credit for the overwhelming bipartisan vote that they had." the Mississippi Republican told reporters. "And I believe if we can ever get to a vote on the substance. there will be 70 or more Senators that will vote for this." •
Clinton told the nation's governors on Monday that It would be a huge mistake" for Congress to repeal estate taxes before tackling other priorities such as raising the minimum wage, offering a tax deduction for college tuition or boosting
tax credits for child care expenses and reducing the nation's debt. Eliminating estate taxes would cost the federal treasury* an estimated S50 billion a year.
Clinton has also threatened to veto a Republican-backed tax cut for married couples that would cost the treasury nearly S250 billion over 10 years. The White House has argued the bill does more than eliminate the so-called marriage penalty and would provide tax breaks for couples that do not suffer a penalty.
But Clinton has offered to accept the Republican tax cut in exchange for their commitment to a Medicare prescription drug benefit of equal size. So far Republicans nave rejected the president's offer to negotiate a deal.
Under the existing tax code, working couples often end up paying more in federal taxis than they would if they wer single.
The Senate is due to take up the marriage penalty bill later this week under a special budget procedure that will limit deb de and the number of amendments that can be offered, ensuring passage in the Republican-controlled Senate.
The House's passed similar legislation in March that would cost $182 billion over 10 years. But the House will take uj) the measure again on Wednesday under the special budget procedure in order to make it easier to reconcile differences with the Senate and send it to Clint' ..