The drive to cut taxes in 1976 is be coming an irresistible force that not even a presidential veto could stop. At minimum, Congressmen facing re-election campaigns at a time when unemployment will still be high are certain to extend the $8 billion reduction in taxes on corporate and personal income enacted for 1975. All 20 members of Congress's Joint Economic Committeeliberal Democrats and conservative Republicans alikehave endorsed the idea; a tax-reform bill is due out of the House Ways and Means Committee by Oct. 28. Last week even President Ford apparently climbed aboard the bandwagon. He said that...
POLICY: Ford Climbs on the Tax-Cut Bandwagon
Subscriber content preview.
or
Log-In
To continue reading:
or
Log-In