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Congress Faces Tax Cuts As Slump Deepens In 195?
The article notes a pending decision on corporate income tax cuts and excise tax reductions as the recession deepens. Officials anticipate figures on the downturn before Congress acts, with debates over relief for business versus concerns about deficits and inflation. Supporters push for lower taxes to spur spending, depreciation relief, and investment, while opponents warn against higher debt. The issue could peak before June.
MENTIONED IN THIS ARTICLE
New York
Congress
U.S. Treasury
U.S