For the past four months, Bill Clinton's tax plan has been a moving target, making it difficult for taxpayers to calculate how it would affect them. But now is the moment for a quick snapshot -- or two. The new taxes people will pay lie somewhere between two versions: the House's and the Senate's, which will be reconciled in the joint conference committee. In many ways, the two plans are quite similar. Both seek to raise about $250 billion in new revenues. Most of the burden will fall on the wealthy.
In other ways, the plans diverge. Both versions increase the...
To continue reading:
or
Log-In
