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July 3, 1992 | WILLIAM J. EATON, TIMES STAFF WRITER
Acting with rare bipartisan accord, the House overwhelmingly approved a five-year, $5-billion aid package Thursday that would create 50 enterprise zones in inner-city and rural pockets of poverty to encourage business investment and receive extra federal funding. Prompted by the Los Angeles riots, the package was wrapped into a major tax bill that would provide $14.5 billion in tax relief, primarily for business, and repeal the luxury tax on boats, airplanes, jewelry and furs.
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NEWS
July 3, 1992 | WILLIAM J. EATON, TIMES STAFF WRITER
Acting with rare bipartisan accord, the House overwhelmingly approved a five-year, $5-billion aid package Thursday that would create 50 enterprise zones in inner-city and rural pockets of poverty to encourage business investment and receive extra federal funding. Prompted by the Los Angeles riots, the package was wrapped into a major tax bill that would provide $14.5 billion in tax relief, primarily for business, and repeal the luxury tax on boats, airplanes, jewelry and furs.
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