Georgia Insurance

Six months after taking a heavy debt of $ 3.8 billion hostile takeover of one of its main competitors, Georgia-Pacific Corporation, said yesterday that it was the sale of certain assets in a store of value $ 740 million.

Six months after taking a heavy debt of $ 3.8 billion hostile takeover of one of its main competitors, Georgia-Pacific Corporation, said yesterday that it was the sale of certain assets in a store of value $ 740 million.

Georgia-Pacific, the nation’s largest wood frame agreed on the sale of several mills and Timberland on the General Electric Capital Corporation, a subsidiary of Tenneco Inc., and two insurance companies.

Under the agreement, which Atlanta-Georgia-Pacific Board containers sold mills Valdosta, Ga., and Tomahawk, Wis., 19 corrugated cardboard box plants, more than 540000 hectares of forest and a country unknown amount of duty timber.

Tenneco’s Packaging Corporation of America bought the subsidiary Box 19 plants and stumpage fees, while GE

Buy capital, the two mills and the arrivals Packaging Corporation.

The John Hancock Mutual

Life Insurance Company and the Metropolitan Life Insurance Company have agreed to buy 540000 hectares of land and leasing contracts on the packaging company Tenneco said.

In March, Georgia-Pacific a hostile takeover of Great Northern Nekoosa Corporation for $ 3.8 billion.

On the New York Stock Exchange yesterday, Georgia-Pacific share has decreased by $ 1, $ 33625, a new low for the year, Tenneco and a down $ 1125 $ 47625, touching a new low of $ 46.50 .

The Midlantic Corporation and C & S / Sovran separately Corporation announced yesterday that she is familiar with problems of stunting with commercial real estate loans.

Midlantic, which is headquartered in Edison, New Jersey, said he was a shareholder of the elimination of dividends paid in cash for the conservation and transformation of its financial soundness. The company expects to what he said to earn a profit in the fourth quarter after a loss of $ 183.8 million during the last six months.

C & S / Sovran, which is headquartered in Atlanta, said it would not be a gain for the fourth quarter, because it is outside $ 225 million to $ 250 million in reserve for the future cover risks Provident. He said he expected its quarterly dividend of 39 cents per share.

More than two dozen of the nation’s largest bank cut or reduced their dividends over the past year, and analysts expect that trend will continue. Citicorp announced Tuesday plans to reduce the taxation of dividends, similar actions will follow a few months earlier by Chase Manhattan Corporation and Chemical Banking Corporation.

William L. Seidman, the chairman of the Federal Deposit Insurance Corporation, said earlier this week that many banks held dividends paid to shareholders too high, if their earnings were down. He said, the dividends should be reduced so that more resources could be added, banks in the capital, where they were available to absorb losses. Profits fell by almost 30 percent

During the third quarter of loan losses in distress caused to gains of the nation banks by nearly 30 percent to $ 3.8 billion, $ 5.4 billion in the second quarter. More than 80 percent of profits in the third quarter were paid to shareholders in dividends and other payments.

Although Midlantic even more capital than banks, regulatory authorities, their rapid accumulation of distress appropriations during the last year and anticipation of future problems, concerned regulatory authorities and industry officials. The company said it would sign agreements with the regulatory authorities Federal Bank in this week very promising for the reconstruction of capital and change the behaviour of the banks lending subsidiary.

Midlantic is the second bank in New Jersey, after the first Fidelity Bancorporation of Lawrenceville, NJ, and the 31 largest in the country.

Its publication came after the close of trade in its inventory at the end of the day to $ 6125 a share of Over-the-counter trading at 12.5 cents. The company had reduced its dividend of 25 cents per share from 47 cents. Fusion on both sides of the south

C & S / Sovran is the 13th largest nation banking business. It was this year by the merger of Citizens and Southern Corporation of Atlanta and the Sovran Financial Corporation of Norfolk, Va.

The reserve side was necessary because a recent internal audit revealed that an additional $ 200 million of loans, most mortgages in the Washington area, had “nonperforming”, ie that they were either 90 days or more serious or Delinquent Difficulties.

Although the company is its dividend, he warned that “if conditions deteriorate, it could land fallow, as many reserves to cover loans outstanding during the first quarter of 1991, as in the current quarter , A stage, most, if not all earnings for the quarter as good.

Analysts predict a rise in problem loans of C & S / Sovran. His increased from 25 cents per share on the New York Stock Exchange finished yesterday at $ 16 a share, not much above its price this year of $ 14.75.

Both C & S / Sovran and Midlantic flourishing at the end of 1980, high interest rates and taxes during the construction boom. But now, with a plethora of posts vacant office buildings and shopping malls, developers are behind on bank loans, so that banks keep the property is less interesting than the sum of their credits.

Rarely, the representative of the house for more space for a loan. Capitol Hill has become a nervous, unhappy in recent weeks, and run the root causes of the controversy surrounding grueling crime, the long duration of the August break or the immensity of the health system challenge.

Many lawmakers said it was simply one of the most famous meetings of the recall supporters. Yes, there are moments of the bipartie cooperation, such as hunting the “coalition” mainstream “for a compromise health in the Senate or moderate Republicans, efforts within the House on conditions ‘a crime.

The passage of crime bill could not occur without the votes of 46 Republicans and President Clinton touted bipartie of cooperation as a model for the future. But the legislature to forge a compromise, said today that cooperation in the field of crime stand out, in large measure because of its rarity.

More characteristic is prudence bipartie, a hint of bad faith, even the reluctance open. Newt Gingrich, representative of Georgia, the Republican whip in the house, inveighed in an interview last week on “left-wing ideologues” the White House to work with a bunch of machine politicians’ attempts to Congress “for rest of the country. ”

Representative Mike Synar, a Democrat, Oklahoma near the democratic management, argues that Republican strategists on wrecking care unless the legitimacy of the institution. “They have not been able to return around the house through the ballot box, so you come to the conclusion we need to destroy the institution, on the theory that the ash, she chooses more as Democrats Republicans, “says Synar.

The house is usually more supporters, the Senate, but the fight for health care in recent times have bitter Republicans Filibuster a disguised during the first two weeks of debate.

On several occasions, Senator Phil Gramm, Republican of Texas, raised the democratic management, promoting nothing less than the government of a dangerous resumption of the health system. “The American people want to kill this law,” said grams of last week. “He takes his freedom.”

Senator George J. Mitchell of Maine, the biggest head, back on the floor of the Senate. “Given that these Republican senators stand up and say you, Mr. and Mrs. America, health insurance that the government is bad for you, ask yourself: ‘When it so serious to me is why both for them and their families? ”

And Senator Charles E. Grassley, Iowa Republican, suggested that Democrats were supporters of an implementation of their own seat. Not only politics as usual

This is more than just politics as usual. Two-one-one and a half months before half-time elections, Republicans sense a wide variety of care for seats in Congress, especially in the home, while Democrats see significant risk . The poles of each party, in other words, are seen as immense on issues such as crime and health care, opinion with researchers and policy advisers to analyze all the votes are important for its impact on the November elections.

The addition of these volatile mix is a Democratic president, try to improve its performance with the public on these important issues, and thus an attractive target for his enemies on Capitol Hill. The atmosphere is more politicized by the debate, hard, pushed by Republicans, the White Water case.

Another element in the mix is the fact that some of the most prominent Republicans in the Senate - including Mr. grams and Senator Bob Dole of Kansas, the Republican leader - are of the opinion that their own ambitions for the White House.

Many Democrats brodelte, when representatives of Texas, Dick Armey, the Republican head of the conference, she said during a recent debate on crimes bill, “Your president is not so important for us.”

There are deeper trends behind the party of the house, within just 40 years, democratic control.

A Canadian court issued a warrant yesterday, the regulatory authorities in Canada for the liquidation of the Confederation Life Insurance Company, Canada’s fifth-largest life insurer, which is also operated the USA.

The Court is of the order, which were not contested by the company, leaves open questions concerning the nature and the way American, Canadian and British regulators with different parts of the confederation, which is headquartered in Toronto.

Last Friday, that regulatory authorities in Canada, the companies entered a court in Georgia gave the public insurance regulatory authority to rehabilitate a subsidiary in Atlanta, $ 381 million in assets.

The same day, at which the Regulatory Authority assurances of Michigan has been granted, the federal authority to rehabilitate the American branch, which had assets of $ 7.5 billion (Canada), or $ 5.4 billion (USA) and has also been established in Atlanta.

The company makes most of its operation in the USA by its American branch, and a much smaller daughter of Georgia on society.

The difference between rehabilitation, as a general rule, preferred by public insurance regulatory authorities and management, the tactic more often in Canada, could lead to conflicts between the regulatory authorities, “said Thomas Upton, life insurance for analysts and AM Best Company, one in the insurance business related rating company. In the case of rehabilitation, in recent years, property difficult to sell the real estate or mortgages, could be much more valuable than if the company is in liquidation of its assets Available for Sale immediately, Mr. Upton noted.

Kevin Ceurvorst, an analyst at Duff & Phelps, said it was unclear if the Confederation was insolvent. After efforts by insurers to arrange a merger or acquisition by other insurance companies disintegrated last month, he said, “the regulatory authorities were invited” to avoid an exodus of customers, who led the company to the shortage of cash.

Clients of the Confederation are now prescribed by the revocation of the current value of its lending policy or against this policy, but the company, other payments, including benefits and distributions of death annuity.

If the Confederation is not a means of payment of its customers and other insurance companies would step forward, its economy, the consumer may be required in part losses resulting from their life insurance policies and annuity.

Guarantee Fund insurance in Canada and the United States are financed by other insurance companies and limits the maximum power in the amounts can be afforded in life insurance or an annuity.

Most cases of the Confederation east of individual life insurance and individual annuities. His daughter Georgia collected $ 190 million last year, bonuses, including $ 140 million for pensions.

The growth of the company, Georgia has been particularly rapid in New York, where she collected $ 41.7 million of annuity premiums.

While the Confederation had weakened the financial situation in recent years, regulators and U.S. analysts said yesterday that the terms of the current state of the company were not available.

After graduating, he lost $ 29 million during the last year and finished the year with $ 873 million of capital.

Hillary Rodham Clinton near the town two months ago by campaigning on behalf of health reform, but “Libby” and “Louise”, maintaining the airwaves, courtesy of the last campaign advertising boxes Sick Association of America.

Are you interested in health reform, but concerned about the Clinton plan, two attractive actresses of their fears on several occasions with the viewers of Georgia.

Given that interest groups in the fight for health care recognize, it is not difficult to find - or inflame - hesitations and doubts about the issue these days. Four months after President Clinton outlined his vision of “health to ensure always there” and how he prepares to try to rally the nation with his State of the Union message on Tuesday evening, the debate has been confused and disquieting in the scope of programs and mandates and major structural changes.

Atlanta, the capital of a region, which often disturbs the balance of power on Capitol Hill, is a microcosm of the difficulties faced today Clinton.

Like many legislators, representatives of John Lewis, a liberal Democrat, Atlanta, spent a large part of the Congressional place of meetings with representatives of hospitals, health, various groups of suppliers and a wide swath of public opinion. And he said he was back in Washington, convinced that “the vast majority of people want us to do something.” But Mr. Lewis, is a co-sponsor of the house of two presidents of the bill and Canadian-style, single-payer, adding that this is another sub-current: “People are worried. They do not want to lose what they have. ”

The concern is that, in the heart of many warnings, one vis-à-vis the public and their elected representatives, these days in hospitals and doctors, insurance and pharmaceutical industry and ” a variety of other interests.

The Health Insurance Association of America, a trade group of 270 companies represented by the coverage of 55 million people, is a commercial financing in Georgia and 13 other countries where “Libby” concerns about “this government, health alliances “As an intermediary between consumers and health plans. Your friend “Louise” which tells his alliance would restrict the choice of health insurance for people (an assertion that the administration of refuse).

Dr. W. Roy Vandiver, president of the Medical Association of Georgia, which is aggressive, presents his views on a review of health care, worries that the Clinton plan necessarily mean that the patient would restrict the choice of doctors (one another affirmation of the administration refuses). A brochure from the State Medical Association lists of “things that could violate our patients’ once-payer and the system” of each plan, Georgians would restrict freedom of choice of doctor, rather than treatment or the nature of insurance. ”

The weight policy contrary to all these charges and these fears, of course, is the promise of universal health care. Mr. Clinton’s strategists are counting on the promise, sexy and desirable, that far, it sweeps everything in its path.

But Mr. Lewis was in 1960 the peak of the struggle for the right to vote and the right to public accommodation, he was concerned by the fact that Clinton and his allies have always galvanize a majority of Americans around the concept of care health as a right. “It is much more convincing, it remains,” he said. “They have too much time in the spring of awareness, mobilizing country, people buying, with the idea that in the context of a healthy nation, a productive workforce, we to have people healthy. ”

In addition, Fang universal coverage of its own policy, especially in this region. In the Clinton plan, it is reached, the employer contribution to the costs of their employees and employees insurance - the so-called employer mandate. This raises memories sub-conservative Southern Democrats like Senator Sam Nunn of Georgia. Rival proposals

“I am more doubtful,” Mr. Nunn said: “jobs so we try to put in place and, more importantly, because it is” squeeze out marginal workers. “Hotel official sassert that his plan would reduce the economic impact of ‘employer mandate with a system of subsidies to small businesses. But Mr. Nunn is a co-sponsor of a rival plan in the Senate, a more conservative plan competition manages advanced in the House of Representative Jim Cooper of Tennessee. Cooper plan, as the version of Bill Clinton, a mixture of regulation with market forces, but it would stop briefly promising universal coverage and would not require an employer mandate.

Joseph Mulligan, has been condemned the murder of a witness to a murder he committed to ensuring the economy of money, died this evening in Georgia’s electric chair.

Joseph Mulligan, has been condemned the murder of a witness to a murder he committed to ensuring the economy of money, died this evening in Georgia’s electric chair.

Mr. Mulligan died at 7:25 PM, “said John Siler, a spokesman for the department of corrections.

United States Supreme Court voted 7 to 2 to reject the request for postponement of Mr. emergency Mulligan’s execution and a formal complaint challenging his conviction and death warrant. Only Justices William J. Brennan and Thurgood Marshall, against the death penalty in all circumstances, to spare the life of the prison population.

Before his death, Mr. Mulligan visit with her father, brother, a cousin and his lawyers on the status of the prison for more than five hours. Other conviction overturned

Mr. Mulligan, 35, was to die for the murder of Miller, Marion Jones to Columbus on Easter morning, during the year 1974. A death warrant killing the same day by Mr. Mulligan’s brother, Patrick Dupont Hptm. the army was deeply touched by the state courts.

Prosecutors said Mulligan killed Captain Doe’s husband alienated Mr. Mulligan’s sister, gather in a life insurance policy, and he killed Ms. Miller to the elimination of a witness.

Mr. Mulligan’s complaints were based on several errors receivables by the process of judges and lawyers, in particular to indicate clearly that the jury had the responsibility for implementing the death penalty.

Much of the prosecution of the case rested on the testimony of Timothy Helms, was granted in return for immunity to accompany them, that Mr. Mulligan Captain Doe shot in the head and Mrs. Miller four times.

Mr. Mulligan continued, he is not guilty. He said he was on a bus trip to Atlanta to Savannah, where the murders took place.

Tommy knew Leah, whose husband, love, a drag in the college where his car was Mel, whose lawyer Bill is married to Laryssa was originally from Ukraine. In short, as the Ukrainian Olympic team chose this small town in western Georgia basic training for the Summer Olympics of next year.

It is the Southern version of networking, here known as “Doin ‘bidness,” and he helped this city of 15000 snatch a similar spotlight, in his brilliant much neighbours Atlanta, 45 km to the east.

The Olympics are still more than a year away, but dozens of cities within a five to six hours a radius of Atlanta are currently fighting for medals in a sort of hospitality games. Lockerste slide in the advertisement or links charming as a new runway, a lake or a smooth arrangement rural towns “Booster do their best for a country if its entire Olympic contingent trains, or one or two Foreign teams, exercised in their field.

And if it is Hendersonville, NC, where the New Zealand Swimming Team exercised or Albany, Ga., where young people develop Belize team, or Tupelo, Miss, where the Croatian team a little more demanding The motivation seems the same: the desire to participate in games of the mind and their communities before the parade of the Far World.

“This is something unique and very closely with Olympic athletes would be great for us,” said Kip Jolly, Executive Director of the Hart County Chamber of Commerce, which is still trying to win a team to its location at the Georgia-South Carolina border. “We have the spirit and the will to do what we must do.”

The spirit was less evidence in May when Barrow County, north of Atlanta, has refused to host athletes for Somalia, citing the pull of a U.S. soldier in the body through the Somali capital States US during the recent mission of peacekeeping. And during last year’s Olympic Games volleyball competition has been adopted by the neighbouring county of Cobb County, if the commissioners passed an anti-gay rules, making the spectre of intolerance, that the New South tried to flee.

So far, teams from 37 countries have signed training contracts in municipalities in Alabama, Florida, Georgia, Mississippi, North Carolina, South Carolina and Tennessee.

But with 197 countries are expected to participate in games, negotiations are warming, “said Kimberly Goff, the director of the Alliance Olympic Georgia in the formation of Georgia Department of Industry, Trade and Tourism the clearinghouse for Most of the declaration of intent. Even the Somalis have landed on his feet, finding a training site Gordon County, north of Barrow County.

Some cities have already parlayed hospitality chance. Elberton, Ga., population aged over 5700, has spent public subsidies and $ 48000 of their own money to build docks and rowing lanes near Lake Russell, the limits of South Carolina. Besides snaring rowing teams from three countries, the city began to attract teams of American colleges such as Northeastern University in Boston, it is academic training for competition, mainly due to favourable weather conditions.

In most cases, if the cities at the end to spend more money, like her, “said Goff. While some cities can reap economic benefits long-term goodwill that many countries to send teams have a number of products for export and even less capital with the South to buy products. The visiting athletes is hardly an economic incentive for itself, given that most trips in a Shoestring and their housing should be free or at cost.

Ms. Goff described, which is luring the team:

“The municipality is generally agreed, dealing with accommodation and food cost care training establishments and construction, where it is needed and the free movement during the training period and the number of posts for ‘liability insurance. We have some public subsidies for In some of these municipalities for Georgia have signed contracts with teams or countries, but the chances of achieving real economic gain is not as great.

The House Ways and Means Committee today adopted a $ 16 billion support program for low-income parents with child care expenses, moving Congress a step closer device custody of children legislation this year.

The House Ways and Means Committee today adopted a $ 16 billion support program for low-income parents with child care expenses, moving Congress a step closer device custody of children legislation this year.

The measure, with tax breaks and grants special public, by a vote of 26 to 10.

He came as outlined in the commission completes its third day of work on a larger tax package for the renewal of a variety of popular tax breaks for individuals and businesses. Membership has remained deeply divided over two issues. One thing is the question of whether reducing taxes on capital gains, and another, as the transformation of awarding of a programme financed by older Americans health insurance for catastrophic illnesses. The Committee had hoped that the two issues today, but not with the enemy some pages had the votes, was the action.

Leader of the Democratic house, against the tax cut, spent the day lobbying fluctuation Democrats, while senior management officials, including President Bush himself was personally appeal to the same Democrats contend a reduction in income from capital. Revamps existing program

Dan Rostenkowski representatives, the Democrats, Illinois head and means Committee, said today late, it is very pessimistic than what the prospects for maintaining the insurance program Medicare catastrophic, several committee members who would like to repeal . ”I am afraid we are going to do something terrible in this important program for the elderly,’’said Rostenkowski, has proposed its own plan for managing the allocation of a possibility of saving the program.

The measure childcare, led by Thomas J. Representateve Downey, Democrat of Long Island, expand and transform the Earned Income Tax Credit, beginning in 1991, the objective, more directly to low-income families and taking into account family size.

”We have just a dramatic step for families and children work in this country,’’said Downey.”We are on the path of surrender of a large piece of custody of children.”

Families with incomes up to $ 20000 a year, participation in the program, but the main beneficiaries would be those with incomes of $ 7000 to $ 11000 in 1991. The maximum loan would range from $ 1217 for families with a child less than $ 1790 for families with three or more children. Families with children under the age of 6 to qualify for an additional appropriation that would be more than $ 430. D’argent pour les Etats

Mr. Downey’s action would also block grants to develop States allocate 1.5 billion dollars over four years to improve the quality of care and care of children.

The extent of child care by the Senate includes an expansion under the same generous tax credit to help low-income parents to pay maintenance services days. It would be first on a new grant to states to subsidize day care facilities and parents through loans or other good support to gain custody of children.

Republicans have argued that such a system encourages parents work, their children in nurseries, but penalizes those who are less formal creche or agreements, do not choose to work to raise their children at home. Mr. Downey’s action, in part, to address this exception, more money in the hands of both working and nonworking parents.

Much of the action today, in large fiscal matters, the Committee took place outside the courtroom, as Democrats, trying to determine if they had enough votes during the defeat a victory of the proposed sale, representing Ed Jenkins, Democrat of Georgia, plans to offer. Until the end of the day, Mr. Jenkins-trailer, which includes the majority of Republicans on the podium was careful to say that they have the 19 votes they need.

Representative Dan Rostenkowski, the chairman of the House Ways and Means Committee, today renewed its efforts towards a deal with the Bush administration would avoid a confrontation in his committee and the house of sticks on the Reduction Tax capital gains.

Representative Dan Rostenkowski, the chairman of the House Ways and Means Committee, today renewed its efforts towards a deal with the Bush administration would avoid a confrontation in his committee and the house stick on cutting taxes capital gains.

Six Democrats have the Committee of 13 Republicans support a reduction. You currently have an advantage over the votes of departure of Mr. Rostenkowski and other Democrats.

Mr. Rostenkowski, Democrat of Illinois, has delayed the vote, hoping to frame an alternative. At the same time, he invited President Bush to compromise on the transfer of profits. Calls to the White House seeking comment was not returned. Congress is there an increase in revenue to finance a large number of popular tax breaks currently given the end of this year. It envisages a capital reduction of tax on profits in the hope that the measure would enable investors to sell assets to qualify a lower tax rate than those currently available. Looking for a Deal

Danny talks”now that the terminal to see if there is a certain type of treatment,’’said Representative Richard A. Gephardt of Missouri, home of the majority guide and a member of Ways and Means.

Mr. Rostenkowski and other Democratic leaders have already made it clear that the package would also provide an index of wealth, so that investors would not have to pay taxes on the portion of their profits to inflation alone.

But Mr. Gephardt said the package could also make other changes to the programme envisages that the beneficiaries of insurance against catastrophic costs of serious illness and changes in what is known as Article 89 of the provision of 1986 Tax Reform Act. This provision prohibits discrimination in the treatment of employers to low-wage workers as part of plans to health insurance, but a number of republican and democratic, the legislator wants to see it repealed.

Another part of the package could be Mr. Rostenkowski’s agreement to modify or drop a proposal, he has temporarily lifted a tax advantage for mutual life insurance. The proposal by the opposition in significant ways and means examined, but it raises a portion of revenue is necessary. Lower taxes future

The election administration and Congress officials said last week that the home of group leader and Mr. Rostenkowski were Find a deal with the White House, that would be indexed and immediate gains future sentence cut in exchange for President Bush, the adoption of a comprehensive tax and spending packages for the 1991 budget. These discussions have so far no sign of reaching an agreement, said today Congress officials.

Michael A. Andrews, a representative of Texas, one of six Democrats in the Committee of the back cover capital gains reduction, said he remains Given this position, but would be willing to consider alternatives.

Whether it consider a plan that indexing with a promise of gains on disposal of a cut in the future, Mr. Andrews replied:”I am open to a better proposal.”But he said he would like it first.

”The talks will take place depends on the presidents of the agenda,’’said Representative Ed Jenkins, Georgia Democrat, is the promoter of the divestment gains of the reduction proposal now before the commission. Under the bar”is that I have 19 votes, ie, that is not what Ed Jenkins or six Democrats would do is what would be 19 members, and if President decides to go its Republicans. ” ‘

Mr. Jenkins proposal to reduce the transfer rate of taxation on profits of about 20 per cent for two years and provides indexing, then capital.

Continuing its search for a compromise on the tax issue, the chairman of the House Ways and Means Committee, Dan Rostenkowski, today, an outline proposal of our colleague, the inflation index of assets acquired after December 31.

Continuing its search for a compromise on the tax issue, the chairman of the House Ways and Means Committee, Dan Rostenkowski, today, an outline proposal of our colleague, the inflation index of assets acquired after December 31.

He also suggested hosting some of the assets acquired.

In the meantime, the expected losses assignment May taxes have helped share prices, more recently, as the sale deter investors of shares. [Page D6. ] Representative Bill Archer of Texas, senior Republican on the committee, said that while she relayed Rostenkowski Mr plan to other Republicans on the committee, they found the proposal is not acceptable, even if Mr. Rostenkowski has the possibility of cutting capital gains tax in the future.

Mr. Rostenkowski later met privately with the six Democrats in the Committee on the page Republicans.

Beryl Anthony Representatives, Democrat of Arkansas, this encounter much enthusiasm that Mr. Archer.

Mr. Anthony described the proposal Indizierung”kreative and innovative,”but he went to give specific details of the proposal, Mr. Rostenkowski make public.

He called es”einen new approach to determine how this is not for the payment of tax on inflation,”indicating that inflation time adjusting and planning would be more generous that what had described Mr. Archer. Mr. Anthony said he remained for the reduction of gains assignment plan was proposed, representatives of Ed Jenkins, Democrat of Georgia.

The plan of 6 Democrats and Republicans all 13 on ways and means Committee, the tax rate on capital gains of about 20 per cent for two years and then send the price of regular income, indexing for inflation.

Supporters of this measure to maintain a majority of votes in the committee M. Rostenkowski armed forces.

Mr. Anthony said if the hotel was ready to accept, Mr. Rostenkowski nine basic proposal for a compromise.

But, “said Rostenkowski Democrats, he did not have to manage its latest idea and hopes that the administration rejected the demand, “said Anthony.

Mr. Archer, met Mr. Rostenkowski and, later, with 10 other Republicans on the committee, said in a telephone interview:

”It was the same as that implied the offer several weeks. I am terribly concerned that the combination of indexing from 1 January, plus a promise to consider a lower rate for next year, plays havoc with the markets.”

Mr. Archer said that such a plan could spur investment for the remainder of this year that investors expect to acquire holdings on Dec. 31, and for indexing. He said he could indeed a turnover of next year, as investors delay transactions.

The Republican Committee are scheduled for Wednesday, M. Rostenkowski to hear the details of the proposal.

The door closed meetings today as a democratic leader braced for a meeting on Wednesday, Democratic Caucus in the house, especially the transfer of gains problem and cut the award, which finances insurance disease project.

The House spokesman, Thomas S. Foley of Washington, said he would accept, indexing capital. But in a direct challenge to President Bush, he also clearly indicated that it would be a reduction in the rate of return on capital, both a matter of tax policy and equity to lower income taxpayers benefit losses.