Nation: Tax Plans

Carter wants cuts of $25 billion

During the campaign, Jimmy Carter described the U.S. tax system as a "disgrace to the human race" and promised "comprehensive" reforms. But with unemployment at 6.9%, inflation at 6.5% and the economy expected to weaken in the second half of 1978, he has had to shelve most of his ideas for reform. Instead, to stimulate the economy, he settled last week on a package of tax cuts totaling $25 billion—about $3 billion higher than had been expected—which he will recommend to Congress in January. Main features of his tax program:

> For individuals, tax...

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