The Nation: Heading for a Policy Clash

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...

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