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No Breaks For Business?


Washington Outlook: CAPITAL WRAPUP

NO BREAKS FOR BUSINESS?

The White House is mulling a new attack on corporate tax breaks but is split on what to do with the extra revenue. Some officials would aim for deeper deficit reduction, while others want to finance bigger middle-class tax cuts than Clinton proposed in February. That plan--a child credit, tax breaks for education, and expanded Individual Retirement Accounts--would cost $100 billion by 2002. Any revision would still be less than the House GOP's $350 billion cut.EDITED BY OWEN ULLMANN


Steve Ballmer, Power Forward
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