WASHINGTON -- A top House tax lawmaker yesterday sharply criticized a plan for ending the cap on some outstanding 501(c)(3) bonds, while the Clinton Administration declined to throw its support behind the proposal.

"The proposal is not only unwise, it is unnecessary," said Rep. Pete Stark, D-Calif., a senior member of the House Ways and Means Committee. Stark was referring to a proposal that would eliminate the $150 million cap on the amount of bonds that 501 (c)(3) health care organizations, other than hospitals, may have outstanding at one time.

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