Businessweek Archives

Taxes


Washington Outlook: CAPITAL WRAPUP

TAXES

House Minority Whip Newt Gingrich (R-Ga.) wants to get even with Congress' Joint Taxation Committee. Its professional staff has been a bone in the throats of both Treasury Dept. officials and Hill Republicans by insisting that a capital-gains tax cut would lose revenue rather than produce it. Gingrich will try to eliminate funding for the committee in the next legislative appropriations bill.EDITED BY STEPHEN H. WILDSTROM


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