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Show The Salt Lake Tribune NATION Sunday, August6, 2000 Clinton Vetoes Tax Break for w Highlights of the Vetoed Bill TAX BRACKETS: Gradually would have expanded the lowest 15 percentin- Married Couples come tax bracket for married couples until it equaled twice the current corresponding bracket for single taxpayers. If it were fully in effect today, this would have expanded the 15 percent bracketfor married couples from $43,850 to $52,500, meaning that less of their money would have 1 Continued from A-1 benefited by the version that was passed,” said Gore, speaking from Westhampton, N.Y. “So I do support the-veto. T also,support the right kindofrepeal ofthe marriage tax” KAIIIIISI IASI AAAI Photos by Charles Krupa/TheAssociated Press President Clinton takeshislast bite of an ice-cream cone beforegivingit to his dog, Buddy, during a brief stop in Vineyard Haven, Mass., on Martha’s Vineyard on Saturday. In his weekly radio address earlier d his decision to veto the Republican-sponsored tax cut for married couples. day, Clinton tax cuts supported by GOP leaders Kay Bailey Hutchison, R-Texas, in Congress, when combined with gave an indication of whatis to come with a statement that said Clinton chose a quiet Saturday morning for the veto because he thought Americans wouldn’t notice. “But working families are the tax cut package proposed by paying attention, and they know the president has run outof excuses,” Hutchisonsaid. The White House claims that STANDARD DEDUCTION: For married couples who did notitemize deductions, the standard tax deduction would have risen to equal that of two single people. Using today’s dollars, that would have increased the standard deduction from $7,350 to $8,800. It would have taken effect for the 2000 tax year. using his success to justify election-year tax break gimmicks they know hewill veto. him of playing election-year politics. “Married couplesare thelatest victims of vetoes, andit’s becom- Bush, would cost more than $2 trillion over 10 years. Bush said wecan afford. We can’t afford a $2 oe he would havesigned the trillion U-turn onthepath offiscal Clinton cares more about the for- discipline and economic progress,”Clintonsaid in the radio address. tune of political pals on election day than working families on tax day,” Archersaid Saturday. Estimates of the non-Social Security budget surplus range from $1.5 trillion to $2.2 trillion over 10 years. Clinton accuses Republicans of “J support tax cuts, but tax cuts ing sadly clear that President Chairman Clinton’s veto, his 32nd, is no Rep. Bill Archer, R-Texas, turned the tables on Clinton and accused surprise. He promised to kill the Ways and Means measure evenbefore it passed. *« LENNOX: Sizzling Hot * Air Conditioning Sale * wt SEG ee ee ee ee ot eb complicated political skirmish as the i ial election looms. Thebill’s Senate author, Sen. been taxed at the next-highest28 SRO OR bb bb bb ob bb bb ob Clinton vetoed the $292 billion, 10-year tax cut before his morning roundofgolfon the Massachusetts resort island of Martha’s Vineyard, where thefirst family is vacationing this weekend. He returned the legislation to Congress with letter in which he said the tax plan was regressive. “It provides little relief to families that need it most, while devotinga large fractionofits benefits to families with higher incomes,” Clinton’sletter said. The veto, which Clinton announced on his weekly radio address, is the opening salvo of a percent level. Phase-in would have begun in the 2000 tax year. $1,895 installed* Questar Financing Available > © Cools 1200 sq ft home Programmable thermostat included On sale while quantity lasts *Includes standard installation Call Air Comfort 466-3583 HEATING & AIR CONDITIONING Serving Utah Since 1952 www.aircomfort.net FOI IDA AA AAA AAA A I I IK INTRODUCING RUTH CALVIN KLEIN” Introducing TRUTH CALVIN KLEIN’, a new scent for women. A completeline of fragrance andluxuries. Truth comesin through the senses and feeds our souls. TRUTH CALVIN KLEIN”. The senses don't lie. TheCollection, §12,50-*150, CHARGEIT WITH ZCMI. WE ALSO WELCOMEVISA, MASTERCARD AND DISCOVER LMI A DIVISION OF MAY DEPARTMENT STORES J ORDER ANYTIME: TOLL FREE 1-800-452-6323, |