GOP LeadersUnveiling a House-Senate Compromise Tax Plan

Sunday, October 22, 2000 - 2:00AM

GOP leaders and the tax committee chairmen are poised to unveil a House-Senate compromise tax plan, which is expected to contain an increase to the low-income housing tax credit (LIHC) cap. It remains unclear whether the tax package will contain a full and immediate LIHC increase from $1.25 to $1.75 per capita, or a phased-in increase over several years. GOP leaders hope to complete action this week.

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