Congress: No Time for the Tax Bill

No Time for the Tax Bill

"America wants tax reform," said President Reagan in Concord, N.H., last week, "and America is going to get tax reform." On the same day in Washington, congressional leaders predicted that despite the presidential pressure, the tax plan will go nowhere in 1985. "I don't think it has any chance of getting through Congress this year," said House Speaker Tip O'Neill after a meeting with other top lawmakers to set the fall legislative agenda. Time is a key factor: even optimists concede that the House will not vote on a tax bill before late October. That would leave the Senate only a...

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