THE CONGRESS: Compromise for Sam

Democratic leaders of the U.S. Senate last week devised a compromise plan to save face for Speaker Sam Rayburn, who had rushed through the House of Representatives a bill calling for a flat $20-a-head income-tax cut (TIME, March 7). The compromise was proposed only after it became clear that defections among Senate Democrats would defeat the House scheme. As outlined by Majority Leader Lyndon Johnson, the Senate measure would give the head of each household a $20 tax reduction, plus $10 for each dependent other than a spouse.

Johnson blandly explained that the income-tax cut...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on TIME.com

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!