HomeSourcesHow Do I?OverviewHelpLogo
[Return To Search][Focus]
Search Terms: estate tax repeal

[Document List][Expanded List][KWIC][FULL]

[Previous Document] Document 62 of 187. [Next Document]

Copyright 2000 The Atlanta Constitution  
The Atlanta Journal and Constitution

August 25, 2000, Friday, Home Edition

SECTION: News; Pg. 10A

LENGTH: 678 words

HEADLINE: NATION IN BRIEF

BYLINE: From our news services

SOURCE: CONSTITUTION

BODY:
Rancher, GOP call for repeal of estate tax
Taking a bright red tractor Thursday through the busy streets of Washington, rancher Lynn Cornwell of Montana sought to dramatize the estate tax's impact on some farmers and businesses as he delivered to the White House a bill repealing the tax --- where a certain veto awaits. "The threat of having a tax like this takes away all incentive of growing your business," said Cornwell, a third-generation beef producer from Glasgow, Mont., who is president-elect of the National Cattlemen's Beef Association --- a group that long has lobbied for repeal.

Republican congressional leaders brought in Cornwell, who rode on a tractor borrowed from a Virginia dealership, to increase public pressure on President Clinton to sign the estate tax repeal measure, which he has vowed to veto, and set the stage for a September veto override vote in the House.

The estates of only about 2 percent of Americans who die each year are forced to pay estate taxes, mainly because of a $ 675,000 individual exemption that a married couple can double with simple planning steps. The exemptions are even higher for farmers and small businesses, but many are still forced to buy costly insurance policies and pay lawyers and accountants to protect assets from a tax that reaches 55 percent.

New name includes girls at Boys Town
It's now Girls and Boys Town. In a shower of confetti and balloons, Boys Town officials announced Thursday that residents had approved a name change for the home for troubled youth based in Boys Town, Neb. Nearly seven of every 10 residents voted in favor of the change, intended to reflect the growing role that girls now play at the home made famous by the Oscar-winning 1938 Spencer Tracy movie. Ballots were distributed Wednesday to the home's 1, 000 residents at all 18 sites from California to New England, including the 500 youths ages 10 to 18 at the main Boys Town campus west of Omaha.

Clinton legal fund raises $ 8 million
Supporters of President Clinton have raised $ 8 million to help pay his legal bills from investigations of Whitewater, the Paula Jones sexual harassment case and the Monica Lewinsky affair. Organizers of the Clinton Legal Expense Trust gave their semiannual update this week, saying the number of contributors is increasing as the end of Clinton's presidency nears. Many people in the television and movie industry gave to the Clinton fund, including producer Norman Lear, $ 10,000, and director Rob Reiner, $ 1,000. Other contributors of $ 1,000 included Clinton friend Vernon E. Jordan, former Sen. Lloyd M. Bentsen of Texas, and Caroline Kennedy Schlossberg's husband, Edwin A. Schlossberg of New York.

Woman gets $ 11 million for plane crash injuries
A jury in Little Rock Thursday awarded an aspiring opera singer $ 11 million for injuries she suffered when an American Airlines jet went off a runway last year while landing in a thunderstorm. Eleven people were killed and more than 80 were injured when the plane hit pylons supporting runway approach lights at Little Rock National Airport and caught fire. The plane stopped just short of the Arkansas River. The lawsuit brought by Kristin Maddox was the first case dealing with the crash to go to trial. In it, Maddox alleged the airline was negligent for allowing the plane to land during the thunderstorm on June 1, 1999.

Man pleads no contest in girl's kidnapping
A man accused of snatching a 10-year-old girl from her school bus stop and holding her captive for three days pleaded no contest in Trenton, Fla., on Thursday to charges that will send him to prison for at least 30 years. "What we have done is removed a sexual predator from the community without putting a young girl and her family through a traumatic trial," said prosecutor Rod Smith. Prosecutors said James Paul Johnson, 39, molested the girl before finally dropping her off at a Wal-Mart. During the three days she was gone, her family pleaded for her return, and law enforcement officers searched across the state.

LOAD-DATE: August 25, 2000




[Previous Document] Document 62 of 187. [Next Document]


FOCUS

Search Terms: estate tax repeal
To narrow your search, please enter a word or phrase:
   
About Terms and Conditions Top of Page
Copyright© 2001, LEXIS-NEXIS®, a division of Reed Elsevier Inc. All Rights Reserved.