Treasury Secretary Douglas Dillon marched into the Senate Finance Committee hearing room prepared to do battlespeedily, he hopedfor the Administration's tax cut bill. But the only person there who seemed to be in much of a rush was Doug Dillon.
For seven months the bill had wallowed in the House Ways and Means Committee, finally emerged and was passed by the House, with significant changes from Kennedy's original version. Now, at last, it was before Senator Harry Byrd's Finance Committee. But Virginia's Byrd is an all-out foe of cutting taxes without cutting federal spending, which the Administration definitely does not propose....
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