WASHINGTON (May 29)—Officials of tire and rubber industry associations generally are pleased with Congress' May 26 approval of President Bush's $1.35 trillion tax cut package. But they are disappointed in the passage of Senate committee chairmanships to the Democrats following Sen. James Jeffords' May 24 switch to Democrat-allied independent from Republican. Both the Rubber Manufacturers Association and the International Tire and Rubber Association said they were members of the Tax Relief Coalition, which supported the president's package. The chief disappointment of the Tire Association of North America is that the new bill doesn't accelerate the repeal of the estate tax before 2010. Roy E. Littlefield Jr., government relations director of ITRA, was particularly disappointed at the loss of two GOP Senate committee chairmen friendly to tire dealers—Charles Grassley of Iowa at the Finance Committee and Bob Smith of New Hampshire at the Environment and Public Works Committee.
Tire industry happy over tax cut, sad over Senate changeover
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