Hope Alive for Tax Measures
National Underwriter (Life/Health) (10/02/00) Vol. 104, No. 40 p.3; Brostoff, Steven

Insurance industry representatives remain optimistic that the two current tax provisions tied up in Congress will be enacted this year. The two provisions--pension reform and reforming the present rules on installment sales--are some of the most bipartisan issues to date. The American Council of Life Insurers (ACLI) has been the prime supporter behind the pension reform bill. Phil Anderson, vice president of government affairs for the ALCI, says that it is too early to determine if the proper conditions exist for anything to pass--with the exception of spending bills. Anderson remains optimistic, however, that legislation concerning a tax deduction for long-term care is still possible.


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