Lower budget surpluses could jeopardize wireless legislation.

RCR Wireless News, August, 2001 by SILVA, JEFFREY

WASHINGTON--The Bush administration last week projected dramatically lower budget surpluses in 2001 and in coming years, a consequence of the sagging U.S. economy that could jeopardize wireless bills and other high-tech legislation in Congress and that Democrats will try to exploit in hopes of recapturing the House next year and the White House in 2004.

The new budget reality threatens bills that would repeal the 3-percent telephone tax; accelerate depreciation of wireless telecom equipment; give tax credits for broadband Internet deployment in rural areas; and make the research and development tax credit permanent. The prospect of Congress not repealing the century-old 3-percent telecom tax--a levy that generates $5 billion to $8 billion a year--means...

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