Push For More Tax Revenue From Life Insurers Seems Unlikely Now.(bipartisan spirit in the aftermath of terrorist attacks)(Brief Article)

National Underwriter Life & Health-Financial Services Edition, September, 2001 by Brostoff, Steven

It's looking less and less likely that life insurance products will be targeted as revenue raisers by Congress this year.

Two industry lobbyists, both of whom asked not to be identified, say the atmosphere on Capitol Hill has changed completely in the wake of the national tragedy that struck on Sept. 11.

Prior to the terrorist attack, they agree, the rapidly eroding non-Social Security surplus was setting the stage for an intense partisan battle over where to find revenues to pay for government appropriations.

In particular, they say, there would have been a hitter political conflict over any suggestion by the Bush administration that the Social Security surplus, the so-called "lock box," be tapped to pay for non-Social Security spending....

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