By GUY FLETCHER
U.S. Sen. Barbara A. Mikulski said Friday the recent budget deal approved by Congress and President Bill Clinton will help people by encouraging savings and reducing tax burdens.
She specifically cited enhancements to individual retirement accounts (IRAs) and an increase in the amount of money that is exempt from federal estate tax as two of the most important features of the deal.
"I think the tax cut will be very good," the Democrat said.
In a meeting with Herald-Mail editors and reporters, Mikulski discussed taxes and several topics of national and local interest, including:
The economy: Some have criticized the budget deal because it is based on positive economic projections, but Mikulski said the tax cuts are not unrealistic.