A Game New Plan On Taxes

Another step forward but a long way to go

Like Rocky Balboa, the movie boxer, the plan to change the federal tax system keeps coming back for more punishment. Just when the idea has been battered to the canvas, it struggles to its feet again. Last week reform went another round, this time energized by a fresh proposal from the House Ways and Means Committee. Some of the populist ideals found in the Reagan Administration's two earlier proposals remain alive in this one. The bill would cut tax rates, close loopholes, give relief to millions of working poor people and make corporations carry a greater share of the load. Many...

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