European Stars And Stripes (Newspaper) - June 16, 1986, Darmstadt, Hesse                                Monday june 16. 1986 the stars and stripes Page 5 tax Bill Over the Hump in Senate Packwood predicts passage this week Washington a tax Over haul legislation pending in the Senate is Over the Hump and leading for Pas Sage this week according to sen. Bob Packwood r-ore., the Bill s chief a  Senate on Friday wrapped up ill first full week of debate on the Bill. Packwood chairman of the Senate finance committee expressed Confidence that the measure will be passed this week possibly by , sen. Bill Bradley a no. Also predicted  cooperation might Well produce an historic tax Reform Law thai cuts tax rates dramatically and makes the tax system fairer Bradley said inthe democrats weekly radio address. Packwood and Senate majority Leader Bob Dole r-kan., have sought to fend off major amendments to the Bill. Bui it was amended for the first Tim Friday to eliminate one of its dozens of provisions that would Grant $3.5 billion Worth of benefits to special interests. The amendment by sen. Howard Mctie Baum. A Ohio which wipe out a special break for Union Oil co. Of California was passed by a 66-30  said later that he had freed the coalition supporting the Bill to vote As they wished on thai amendment. The amendment attracted so much backing in pan because the Money lha would be denied the Oil company would be used to provide a special Benefit for Farmers. Under the amendment farm what taxpayers deduct adjusted Gross income medical Start local tax gifts to Charity interest $ 4,000 6,000 $2,992 $828 $ 606 $ 2,563 6,000 8,000 2,307 958 664 2,453  10.000 10.000 12,000 12.000 14,000 14.000 16,000 16.000 18,000 18,000 20,000 20,000 25,000 25.000 30,000 30.000 40,000 ,743 3,153 ,870 ,482 ,760 ,416 ,544 ,387 ,405 ,053 ,201 ,197 .331 .542 .539 .791 2,195 j.690 631 747 732 772 773 732 734 797 900 2,311 2,441 2,697 2,672 2,663 2,663 3,016 3,298 3,778 40,000 50,000 1,872 3.437 1,113 4,679 50,000 75.000 2,741 4,711 1,553 6,259 75,000-100,000 5.900 6,933 2,697 9,187 100,000 or More 10,543 15,677 9,039 17,019 note numbers Are or 1983 tax year latest available and Are averages from numbers provided by irs. Number apply Only to itemized returns Chicago Tilburne graphic Souras 1996 . Masiew tax out cars could continue to use income averaging even though the Bill would deny that tax saving device to other Ameri  this stage we Are past the major amendments Packwood said. He said he has yet to see any significant amendment that he could accept or hat methinks could  Are clearly Over the Hump on the major amendments Packwood said. In other action Friday the Senate rejected. 51 -44. An amendment that would have allowed a partial deduction for charitable contributions made by people who do not itemize their deductions. The deduction for non itemizes is due to expire at the end of the year and the Bill would not retain it. Defeat of the contributions Amend ment meant that after six Days of de Bate the Bill was virtually unchanged from the form in which it emerged fro the finance committee the Bill would Cut tax Rales dramatically compressing More than a dozen ram for individuals into iwo Rales 15 percent and 27 percent and pay for the change by eliminating or reducing Rome of the deductions and exemptions in the present  last major amendment expected to be offered was a move planned this week by sen George a Mitchell d Mainc to establish a third tax bracket for the very wealthy in order to give More tax Relief to lower and Middle in come taxpayers. Perkins Host of wild kingdom9 to show Dies St. Louis