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Publication: European Stars and Stripes Wednesday, January 4, 1995

You are currently viewing page 15 of: European Stars and Stripes Wednesday, January 4, 1995

   European Stars and Stripes (Newspaper) - January 04, 1995, Darmstadt, Hesse                                Republican Congress has plans for America by the associated press the Republican party takes Over both houses of Congress today Here is a rundown of their intentions in some key areas taxes the no 1 priority if the republicans had to Settle for Only one of their goals it would probably be to Cut taxes. J4ot Only do hey want to Cut taxes they want to make it harder Jor Congress to raise them. In the _ House speaker to be Newt Gingrich s forces intend to adopt new rules requiring a 60 percent vote rather than just a majority to pass tax increases. The Clinton White House is Newt Ginger Khz expected to be speaker of the House leads the cop s new majority. The Job creation and wage enhancement act _ would reduce the tax on capita gains from the Sale of real estate securities and other assets and in the future exclude from taxation increases in value attributable to inflation. It also would require the internal Revenue service to Vori tests regulations More clearly. The senior citizens fairness act would repeal last year s tax increase on better off social Security recipients raise the limit on outside earnings for social Security recipients and permit Inea a Hull Van ilk i Luyat 13 it Likely to propose its own tax Cut but says it must be paid. Taxpayers to deduct the Cost of Long term care insurance. / /.l. Illi to.  Mirari the family reinforcement act would offer tax for with spending cuts or other Revenue raisers. In Gingrich s contract with America the american dream restoration act would provide a $500-per-child my credit repeal of the marriage penalty which results in married couples paying More income tax than cohabit Ting Coupe and expansion of eligibility for individual retirement accounts. The family t " woul credits of up to $5,000 to encourage adoptions and $500 tax credits for families that care for disabled elderly members at Home. Other proposals would make it easier to claim a deduction for a Home office raise the estate tax j. Exemption and allow Home Sellers who lose Money to deduct the loss. Rep. Bill Archer a Texas incoming chairman of the House ways and Means committee also would Tike to " offer tax sheltered savings accounts for medical expenses and tax Breakston Oil and Gas companies. Welfare All want workfare but agreement ends there republicans and democrats stand in agreement on welfare it must be reformed to require work discourage single women especially teen agers from _ getting pregnant if they cannot support the Var children and get Tough with men who abandon the babies they father. All but the most Liberal democrats agree that most families on welfare should be allowed to receive Cash benefits for two years at most. _ _ the agreement ends  _ n so welfare threatens to be a Nasty Battleground. Billions of dollars and millions of people Are involved food Stamps help feed 27 million americans 14 million including 9 million children get help from the Grandfather of All welfare programs Aid to families with dependent children. Republicans want to drop welfare food , Public housing supplemental Security income for the elderly _ _ and disabled and other poverty programs As _ entitlements As benefits that people Are entitled to collect if they qualify. Instead the republicans talk of appropriating a fixed amount. I the Money runs out beneficiaries would simply be out of Luck. The gop contract Calls for Job training for welfare recipients. It would put 1,5 million recipients into work _ programs by 2000, the Clinton plan also makes it possible for Low income. Women to get training child care and jobs but fewer than half a million would be in a government paid Job by the end of the decade. The cop plan would Lump food Stamps school lunches and other Federal nutrition programs into a single Grant to the states. States would wind up getting less. /. Overall than they now do. Republicans governors who. Run nine of the 10 biggest states Welcome the flexibility Butar Likely to squawk about the. Funding cutback. Continued on Page 16 a in soy january 4,1995 the stars and stripes 15  
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