National Affairs: Taxing & Spending

The preliminaries were done with. Last week the 80th Congress humped to its work. Floor dockets were light, but committees ground away furiously. Besides ERP, two matters got special attention.

One was taxes. Minnesota's dogged Harold Knutson was determined to get fast action on his bill to save taxpayers an estimated $5.6 billion. As chairman of the House Ways & Means Committee, Republican Knutson meant to give short shrift to an Administration bill calling for 1) a flat $40 across-the-board cut in income taxes, and 2) a revenue-balancing reinstatement of the wartime tax on...

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