THE CONGRESS: Let's Be Smart

After two days of savage, name-calling political debate, the Democratic majority of the U.S. House of Representatives last week passed and sent to the Senate a bill to cut income taxes next year by $20 a person. The Democrats, led by Speaker Sam Rayburn, tacked" their tax reduction (estimated cost: $2.1 billion) on to a bill to extend the badly needed revenues (estimated at $2.8 billion) from excises and the 52% corporation-tax rate. Explained New York Timesman Arthur Krock: "Instead of bringing up the $20-per-head handout bill separately on its own merits, the Rayburn plan is to attach it...

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