Table: The New Congress
When it comes to hashing out a business agenda, it's Main St. vs. Corporate America BIG BUSINESS FARM SUBSIDIES Agribusiness counts on Senate Majority Leader Bob Dole, longtime champion of farm interests, to repel GOP attacks on program. AFFIRMATIVE ACTION Can live with antidiscrimination guidelines that may be taken up by Judiciary Chair Orrin Hatch because they would protect corporations from bias suits. TAXES Multinationals want liberalized tax rules for intracompany transfers and ratification of tax treaties to boost sales overseas. EXPORT PROMOTION Hopes to preserve Commerce Dept. subsidies to market U.S. products abroad. A key backer: Senate Appropriations Chair Mark Hatfield. SMALL BUSINESS FARM SUBSIDIES Favors eliminating subsidies, which House Majority Leader Richard Armey assails as "welfare for the rich." AFFIRMATIVE ACTION Sees guidelines as a costly infringement of employers' hiring prerogatives. The chief defender: Senator Phil Gramm. TAXES Favors House Speaker Newt Gingrich's tax agenda, including repeal of 1993 tax hikes on some small companies. EXPORT PROMOTION Aims to kill off the subsidy program, arguing that corporate beneficiaries--not taxpayers--should foot the bill.
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