21. Both President Clinton and Bob Dole, the prospective Republican presidential nominee, have proposed tax reductions. 22. Both the House and Senate versions would pay for the tax reductions they include largely by closing a loophole used by real estate investment trusts. 23. Both want substantial tax reductions, with tax credits for families with children as the centerpiece and new tax breaks for capital gains and retirement accounts. 24. A bipartisan group proposed allowing the tax reductions to go into effect each year only if specific debt-reduction goals were met. 25. A capital gains tax cut is by far the most important tax reduction Washington could provide this year, Armey said. 26. A middle class tax cut and a capital gains tax reduction likely will be the first Republican proposals to be pared, analysts predict. 27. A number of Republican lawmakers have been arguing for permanent tax reductions. 28. A tax reduction of that size, which may sound huge collectively, would hardly be an earth-moving event for most Texans. 29. Administration officials say details of how to pay for a capital gains tax reduction are up in the air. 30. All year long, members of Congress battled over whether to have a tax reduction focused on married couples, or a tax cut focused on capital gains. |