Congress continues to battle over extension of the $8 billion income-tax surcharge, the Government's prime anti-inflation program. The extension bill has been blocked in the Senate by Democrats who are determined to hold it as a hostage until the Administration agrees to significant tax-reform measures. Senate Majority Leader Mike Mansfield and the members of the Democratic Policy Committee suffered a setback earlier when the Senate Finance Committee reported out the House extension bill intact. But last week they received welcome reinforcements. The help took the form of action by the potent House Ways and Means Committee on a tax...
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