Taxation: Spreading Consensus to Cut, Cut, Cut

Changes are ahead because of worry about creating capital and jobs

"The central issue between the Government and the people is taxes, "says New York Representative Barber Conable, the ranking Republican on the House Ways and Means Committee. But rarely do leading citizens and Government policymakers get an opportunity to exchange their views face to face on this basic and sensitive issue. At a moment when the U.S. Senate is debating where and how much to reduce taxes, and many states are moving to emulate California's tax-slashing Proposition 13, Time Inc. last week brought...

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