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Tax reform in the making may lag past midyear
Washington AP reports a presidential tax reform package is being developed but unlikely to reach Congress before midyear and could not be enacted until 1968. Reps Reuss and Bolling urge immediate loophole closures to replace the surcharge, while the White House favors delaying reforms to avoid revenue impact and inflationary risk.
MENTIONED IN THIS ARTICLE
Washington
Congress
White House
Henry S. Reuss
Wisconsin
Richard Bolling
Missouri
Treasury
Reuss
Bolling
Johnson
Senate
House
Eeath A
Ok Ae