Tax Cut

NPR's Peter Kenyon reports on the tax cut debate today in the Senate. GOP leaders presented their 10-year, 792 billion dollar package, which President Clinton says he would veto. Other Republican senators and some Democrats, are offering an alternative set of tax cuts, totaling 500 billion dollars. But that package is also too big for the president. As the Senate was beginning debate, Federal Reserve Chairman Alan Greenspan testified in a Senate Budget Committee hearing, and warned against cutting taxes based on budget surpluses projected ten years out.

Copyright © 1999 NPR. For personal, noncommercial use only. See Terms of Use. For other uses, prior permission required.

Copyright © 1999 NPR. All rights reserved. No quotes from the materials contained herein may be used in any media without attribution to NPR. This transcript is provided for personal, noncommercial use only, pursuant to our Terms of Use. Any other use requires NPR's prior permission. Visit our permissions page for further information.

NPR transcripts are created on a rush deadline by a contractor for NPR, and accuracy and availability may vary. This text may not be in its final form and may be updated or revised in the future. Please be aware that the authoritative record of NPR's programming is the audio.

Comments

 

Please keep your community civil. All comments must follow the NPR.org Community rules and terms of use, and will be moderated prior to posting. NPR reserves the right to use the comments we receive, in whole or in part, and to use the commenter's name and location, in any medium. See also the Terms of Use, Privacy Policy and Community FAQ.