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The Boston Globe from Boston, Massachusetts • 1

Publication:
The Boston Globei
Location:
Boston, Massachusetts
Issue Date:
Page:
1
Extracted Article Text (OCR)

VOLUME 252 NUMBER 30 RED DAY AND WILLING Today: Sunny; 70s Tomorrow: Sunny; 75-85 High tide: 8:59 a.m., 9:16 p.m. Full report: Page B8 80 pages 50 cents WEDNESDAY, JULY 30, 1997 A GOVERNOR'S FAREWELL tllWfl taxpayer; to statly tax-cut lb: i The highlights 'America's fiscal house in order says Clinton I I By Aaron Zitner GLOBE STAFF ,7 OVERALL TAX RELIEF: Reduce taxes by about $91 billion. CHILD CREDIT: Introduce a $400-per-child credit beginning next year, rising to $500 in 1999, for children 16 and under. EDUCATION INCENTIVES: Set a $1,500 credit for the first two years of college. Increase credit to 20 of $10,000 over the following two years.

TOBACCO TAXES: Increase tax per pack by 10 cents in 2000 and an additional nickel in 2002. CAPITAL GAINS: Drop maximum rates to 20 percent and 10 percent for the lowest income bracket. WASHINGTON As President Clinton and Republican leaders applauded themselves yesterday for agreeing to balance the federal budget while cutting taxes, financial planners and tax lawyers searched for details to see if the agreement, billed as the biggest tax cut in 16 years, would put any real money in the pockets of taxpayers. Their advice: Don't go on a spending spree, but don't dismiss the tax cut as an illusion, either. Consider asking your boss to withhold less tax money from each paycheck.

Look into the new types of tax-free savings plans. And scan your stock portfolio, if you have one, with an eye toward selling shares that have grown in value. "There is money here for people, though the gain may be modest," said Greg Jenner, who watches tax policy for Coopers Ly-brand, the big accounting firm. "If you have two minor children and your income is in the modest range, you would be looking at a tax cut of $1,000 at least." The White House and Republican leaders in Congress put the last touches Monday night on a plan to eliminate the federal budget deficit by 2002, marking the first balanced budget in nearly three decades. At the same time, their plan would cut $91 billion in taxes over five years, the largest tax cut since President Reagan's first term.

Clinton celebrated the accord in a speech on the White House south lawn, and Republican leaders lauded it on the Capitol steps. "After decades of deficits, we have put Ameri-BUDGET, Page A8 "If? I I CHILDREN'S HEALTH: Provide states with $24 billion to expand health-care coverage for children. MEDICARE: Limit payments to hospitals, doctors, and other providers. MEDICAID: Provide $1.5 billion to help low-income people pay premiums. WELFARE: Restore welfare coverage for thousands of disabled legal immigrants and children who lost coverage under last year's welfare overhaul.

Big Dig price tag expected to rise Study says noise, traffic controls will put cost near $llb GLOBE SWT PHOTOJOHN TLUMACKI William F. Weld waves yesterday as he prepares to make the ceremonial walk through the rarely used front doors of the State House after his resignation as governor took effect. 'Citizen Weld' steps out; Cellucci steps forward "The pressure on the budget is upward, in part as a result of measures required to control noise and dust and to maintain traffic flow in downtown Boston," concludes the study. But the researchers also questioned some very costly practices, including the use of a private contractor to manage the overall project, at a cost of up to $800 million over the next seven years. The state should consider having the Massachusetts ARTERY, Page A12 the Central ArteryTed Williams Tunnel project by the John W.

Mc-Cormack Institute of Public Affairs at the University of Massachusetts at Boston. The study, a copy of which was obtained by the Globe, is to be released today. The researchers determined that Big Dig costs are being driven up largely because of expensive measures taken to limit the massive project's impact on commuting and daily life in the city. By Thomas C. Palmer Jr.

GLOBE STAFF It's a tad under $11 billion and counting. That, according to an authoritative new report, is the likely price tag for the Big Dig, despite promises by state transportation officials that the cost wouldn't go a penny over $10.4 billion. The roughly $600 million gap between promise and probability is documented in a seven-month study of By Frank Phillips and Adrian Walker GLOBE STAFF Mexicans embrace a new American rebel By Steve Fainaru GLOBE STAFF chairman of the Senate Foreign Relations Committee signaled his intent to block Weld's nomination as US ambassador. For years, Helms has loomed as a kind of ogre, routinely scolding Mexico for everything from illegal immigration to government corruption to drug trafficking. Weld's resignation as Massachusetts governor has appeared to have raised his profile even further in Mexico.

MEXICO, Page B5 Files to show FBI as civil rights foe MEXICO CITY -Without setting foot in Mexico, William F. Weld has been transformed from an almost complete unknown into a symbol of resistance here in recent weeks, simply by taking on Senator Jesse Helms, a man who many Mexicans view as the ultimate Ugly American. Mexicans were familiar with Helms long before the By Curtis Wilkie GLOBE STAFF I i In a ceremony designed to highlight their extraordinary political partnership, William F. Weld and Paul Cellucci stood side-by-side on the State House steps yesterday, following the effortless transfer of the power they had shared for more than six years. "It's all yours," Weld told Cellucci, gesturing to the 200-year old State House, as a crowd of thousands cheered them.

With that wave of his hand, Weld returned to private life and Cellucci stepped out of the shadows, now the acting governor of Massachusetts. Today, Cellucci plans to make quick use of new authority and to underscore the continuity between Weld's priorities and his own by calling for a tax cut, sources say. A Cellucci aide declined last night to elaborate on the nature of the tax proposal, one of a series of initiatives the acting governor has planned for the early days of his administration. For his part, Weld seemed content yesterday to leave his gubernatorial powers behind. Ending a colorful and popular tenure two days before his 52d birthday, he strode out of the State House into the throng that had gathered to bid him farewell under a bright July sun.

WELD, Page B4 ACKSON, Miss. The files of the defunct Mississippi Sovereignty Commission, which are to be made public later this year after a long court struggle, will show that the FBI cooperated with the state agency in maintaining surveil 1 1 Day of transition Residents of all classes salute Weld. B4. El Who will be the true king of Beacon Hill? B5. Fighting "Washington rules" is daunting.

B6. Complete coverage, B4-6. 1 i' lance of the civil rights movement, according to officials familiar with the case. In the interim, people who may have been described by one state agency as "victims" people whose activities were monitored by the commission can look at their dossiers next month. Memos between FBI agents and the commission, which was created by the state legislature in 1956 to maintain segregation and guard against "encroachment MISSISSIPPI, Page A4 i PAUL CELLUCCI ABC-W PHOTO NATE THAYER FACING THE PAST Cambodians watched yesterday as footage of toppled Khmer Rouge chief Pol Pot was broadcast in Phnom Penh.

AlO. MetroRegion I Food LivingArts Globe Online www.boston.cpmglobe Business Jobs to return Troubled Apple Computer reportedly plans to name its charismatic cofounder Steve Jobs as chairman. Sports Sox shut out Seattle Tim Wakefield outduels Randy Johnson and Mo Vaughn homers in Boston's 4-0 win over the Mariners. 1 Ask The Globe C6 Classified F8-24 Comics C6-7 Autos F18 Crossword C6 Help Wanted Fll Deaths E14-15 Professional E8 Editorials A14 Real Estate F9 Horoscope C6 Apartments FW Lottery B2 tfgNotlces F9 TVRadio P7-8 Market Basket F8 Globe Newspaper Co. YachtsBoatB F3 Learning C8 3 3 6 Easy living For a carefree summer, buy prepared foods and add your personal touch to serve simple dressed-up meal.

School fight Lawsuit will challenge a Maine law that excludes religious schools from paying tuition for students from non-public high school towns. Poetic Injustice? An award-winning poet and UMass professor is fighting NPR over its refusal to broadcast his poem. 0 "9477254.

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Pages Available:
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Years Available:
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