Trying to pull off at least one victory in Congress this year, the banking industry is intensifying pressure on the Clinton Administration for tax breaks.

Bankers at the beginning of the year saw little chance of getting their wish list of tax cuts enacted, but Republican legislation passed by the House and Senate in early August included some limited relief and rekindled the hopes of industry officials. With negotiations over the financial reform bill threatening to spill into next year and prospects for bankruptcy reform and regulatory relief legislation uncertain, some targeted tax breaks may represent banks and thrifts' best chance for a legislative win in 1999.

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