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In spite of strong opposition from his own supporters, House Speaker Newt Gingrich recently called for Congress to put on hold for a while its tax cut plan. President Clinton responded immediately by inviting congressional budget leaders to the White House to talk. Life underwriters have an enormous...

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Bibliographic Details
Published inAdvisor today Vol. 92; no. 4; p. 44
Main Author Kerley, Michael L
Format Magazine Article
LanguageEnglish
Published Washington National Association of Insurance and Financial Advisors Service Corporation 01.04.1997
Subjects
Banking
Banks in insurance
Bills
Federal budget
Fiscal policy
Health insurance
Life insurance
Presidents
Tax cuts
Tax rates
United States > US
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Summary:In spite of strong opposition from his own supporters, House Speaker Newt Gingrich recently called for Congress to put on hold for a while its tax cut plan. President Clinton responded immediately by inviting congressional budget leaders to the White House to talk. Life underwriters have an enormous stake in the budget outcome. Generally speaking, agents like the tax code the way it is. Meanwhile, several House and Senate players in the banking field have introduced bills dealing mostly with insurance companies, securities dealers and commercial enterprises.
ISSN:1529-823X