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Clinton to veto
death tax repeal
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Release Date:
08/31/00
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President Clinton is
expected to veto the death tax repeal today, to
the chagrin of most small business owners and
Republicans.
The bill is too expensive
and undermines our ability to pay down the debt
and strengthen Social Security, says White House
spokesman Jake Siewert.
NFIB strongly
supports the death tax repeal. Candidate George
W. Bush has said that if elected, he would
overturn Clinton's veto.
Many farmers and
business owners are penalized by having to buy
expensive insurance to cover the tax or pay for
legal and accounting advice to reduce or avoid
it.
The bill would repeal the tax
gradually over 10 years at a cost of $105
billion.
8.31.00
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