The Economy: Congress Bends to the President

VETERANS in the congressional press gallery could scarcely remember when the House of Representatives had ever acquiesced so easily and completely to a far-ranging piece of legislation. Last week President Nixon's proposal to reduce federal taxes for both corporations and individuals—the other major part of his domestic economic program besides Phase II—slid through the lower house without even a roll-call vote. Its quick passage was evidence of just how commandingly the President has seized the economic issue, and how willing Congress had been to let him have his way.

In part, that is because Nixon has adopted many of the ideas...

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