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Kennedy tax reform fights stall in Congress
President Kennedy faces civil rights and fiscal clashes as the House Ways and Means Committee rejects and reshapes his tax reform plan. The oil and gas depletion tax allowance is sunk, while Senate Finance Chairman Byrd opposes the broader reform. Administration aides warn that balancing budgets and tax cuts conflict with continued high government spending and borrowing.
MENTIONED IN THIS ARTICLE
Kennedy
House, Ways & Means
Amercan Bankers Association
House
Senate
Huse of Representatives
Harry F. Byrd
Byrd
Senate Finance Committee
U.S
Idpertising Council
Walter WV
Hell
Council of Economic Advisers
Nowse Ways & Means
Harry Byrd
Helier