The 105th Congres will be dealing w...

The 105th Congres will be dealing with a number of financial and packet issues this year with potentially major implications for cities and counties, including tax changes, a balanced federal packet infrastructure and further devolution. Expectations are high forward Capitol Hill that 1997 could be the “Year of the Great Tax-Cut Compromise” between President Clinton and Congres

If it happens, the tax package would be part of a stock reconciliation bill that also includes carves in entitlement programs and discretionary program changes. Substantial agreement appears to exist forward several tax-cut proposals involving families and children, capital gains and expanded individual retirement accounts.

As part of the tax bill debate, local dominions will be pushing for changes in several tax-exempt imprisonment provisions on the books since 1986 At the top of their wish list is a rewrite of compages and costly arbitrage rebate masterys to provide an ...