Republican Governors Push for Tax Cuts

In what is considered par for the course at this point in the great tax debate, the Republican party once again has voiced its concerns over President Clinton's expected veto of the Republican-recommended tax cut.

On Saturday, the nation's 31 Republican governors jointly spoke in favor of the tax cut, and were in full agreement that the president must take a second look at the tax cut of $792 million before the issue is dead in the water.

Spearheading the latest effort is Wyoming Governor Jim Geringer, who, in the Republicans' weekly radio program, urged the president to push the tax savings down to the American public-placing the responsibility in the hands of the taxpayers instead of the government.

Throughout the entire debate, the president has held firm his view that the tax cut would take needed funds from Medicare and Social Security, and prohibit funds from being used for education and defense.

Stay tuned...


Already a member? log in here.

Editor's Choice

Upcoming CPE Webinars

Dec 3The materials discuss the concepts and principles in the AICPA’s new special purpose framework.
Dec 8Kristen Rampe will cover how to diffuse the tension in challenging situations in this one-hour webinar.
Dec 9A key component to improving your firm’s workflow efficiency while enhancing your profitability at the same time is how you leverage emerging technologies.
Dec 16Kristen Rampe will give tips on how to bring confidence into the room and build a valuable network.