The separate economy and energy programs proposed last week by President Ford and the Democratic majority in Congress reflect important philosophical divisions that presage a knockdown fight over the future direction of national policy. A comparison of the main points in each program:
INDIVIDUAL INCOME TAX CUTS
Ford: A one-time 12% rebate on all individual taxes owed for 1974, up to $1,000 per return.
Democrats: Quick relief to low-and middle-income taxpayers through higher personal exemptions than at present, as well as increased standard deductions and reduced payroll levies. House Speaker Carl Albert put...