POLICY: Ford Climbs on the Tax-Cut Bandwagon

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 Committee—liberal Democrats and conservative Republicans alike—have 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...

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!