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August 9, 2000
No of pages / words:
2 / 498
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The jobless rate rose to 5.7 percent in November ? its highest level since August 1995.
Agreement has essentially been reached to extend unemployment benefits by 13 weeks and provide several business and individual tax cuts, including a reduction in the 27 percent personal income tax rate to 25 percent beginning Jan...
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1. Both sides also support tax breaks to help New York City recover from the Sept. 11 terror attacks.
The big divide remains ? as it has for weeks ? over medical insurance.
On the medical insurance issue, GOP leaders propose a tax credit that would cover about 60 percent of the cost of insurance for the unemployed
Democrats contend that the GOP approach would force jobless people to go shopping in the insurance marketplace, where they could be denied coverage for pre-existing conditions or be forced to pay high premiums...
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