NEWS WATCH

DESPITE DISAPPOINTMENT in the modest reductions in estate taxes included in House and Senate balanced budget bills, retailers are angling for the more generous Senate version to prevail in ongoing reconciliation negotiations. The balanced budget bill, which would provide $85 billion in net tax relief over the next five years, could be before the House and Senate soon, observers say, if progress is

DESPITE DISAPPOINTMENT in the modest reductions in estate taxes included in House and Senate balanced budget bills, retailers are angling for the more generous Senate version to prevail in ongoing reconciliation negotiations. The balanced budget bill, which would provide $85 billion in net tax relief over the next five years, could be before the House and Senate soon, observers say, if progress is made in resolving differences in the two versions. The Senate plan, in addition to raising the l

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