On the recordNovember 12, 1997
The provision was canceled by the President because, as originally drafted, it would have permitted abuse and created loopholes.
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presidency.ucsb.eduThe provision was canceled by the President because, as originally drafted, it would have permitted abuse and created loopholes.
Statement of Administration Policy: H.R. 2513 - Restoration and Modification of Provisions of the Taxpayer Relief Act of 1997
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