The following is a press release from AGC. Yet their Washington chapter President is very outspoken against I-695. He should take a clue from his head office and share the same views of returning monies back to the people.FOR IMMEDIATE RELEASE September 15, 1999

Contacts: Dennis S. Day, 703-837-5310 Phil Thoden, 703-837-5364

TAX CUT RALLY URGES CLINTON TO RETURN AMERICANS HARD EARNED MONEY

Washington, D.C.The Associated General Contractors of America (AGC) today joined with Republican Congressional leaders and other tax cut supporters at a Capitol Hill rally to urge President Clinton to sign into law the $792 billion tax cut passed by Congress in August.

AGC Executive Vice President and CEO Stephen E. Sandherr said, Americans work hard for their money and this Administration wants to spend everyone elses money faster than the government can collect. The Republican led Congress wants to return the money to the American public because who better to know how to put it to good use than the people who earn their money.

In a recent letter to President Bill Clinton, AGC President Terry Deeny said, Over the next ten years, the federal budget will run a surplus of nearly $3 trillion and part of this surplus should be returned to American taxpayers. Particularly important for family-owned construction is death tax elimination that is in this bill. Construction companies are capital intensive and they are hit hard by this tax that can total up to 55% of all company assets. General contractors strongly support this tax cut bill and urge President Clinton sign it into law.

Under the tax bill, the death tax would be gradually lowered and fully eliminated in 2009. The bill also includes other provisions of benefit to the construction industry such as corporate AMT relief, lower individual capital gains rates, and tax provisions included in the Community Renewal Act.

The Associated General Contractors of America is the largest and oldest national construction trade association, founded in 1918. AGC represents more than 33,000 firms, including 7,500 of Americas leading general contractors, and 12,000 specialty-contracting firms. Over 14,000 service providers and suppliers are also associated with AGC, through a nationwide network of chapters. www.agc.org dayd@agc.org

-- Doug (a-dogoar@hotmail.com), October 28, 1999