Business: Energy Pushes Back Tax Reform

Loophole closing gives way to deeper cuts

While continuing to shift the scenery about backstage, the Carter Administration last week announced another delay in raising the curtain on its anxiously awaited tax-reform program. The news came from a weary Treasury Secretary W. Michael Blumenthal, after a grueling five-hour White House session on tax options in which the President and his top economic aides failed to resolve a number of key issues.

Completion of the package, which was once supposed to go to Congress by Oct. 6, has already been postponed several times, and Blumenthal now says that at least one more meeting with...

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