Headlines/Local News Link |
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Reduce the top estate tax rate from 55 percent to 50 percent by 2002, reduce all estate tax rates by one percentage point in 2003 and 2004 and repeal a surcharge that applies only to estates worth over $10 million. |
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Gradually raise the annual contribution limits for 401(k) plans from $10,000 to $14,000 by 2004. |
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Make health insurance premiums paid by the self-employed fully tax deductible in 2001, sooner than under current law. |
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Give small business a tax write-off on $30,000 of equipment, up from $19,000; raise the business meal deduction from 50 percent to 60 percent; and restore a law allowing the seller of a business to pay taxes as installment payments are received, instead of in an immediate lump sum. |
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