House Tax Chief Opposes Broad Cut
Washington AP report on Rep Mills opposing a sweeping tax cut while Kennedy pushes for a year end or next year tax reduction. Mills questions balancing the budget, notes White House plans, and signals a broader tax revision debate. McCarthy hints at possible alternative cuts and credits, with Finance Committee meeting Dillon.
MENTIONED IN THIS ARTICLE
Washington
Apd
Kennedy
Wilbur D. Mills
D-Ark
Congress
White House
Mills
Congress- Senate
House
McCarthy
Treasury
Minnesota
Hubert Humphrey
Finance Committee
Secretary of the Treasury
Douglas Dillon
Officials Called to Explain Solvents Actions at Hearing
Washington AP top officials Maynard C. Wheeler and William Leonhardt of Commercial Solvents were summoned to testify before a House subcommittee as it opened two days of hearings. Estes built a faulted West Texas fertilizer empire by selling anhydrous ammonia and diverting government payments through his storage contracts, with the firm earning over 7 million dollars but still owing 5.7 million. Wheeler said the dealings with Estes were conducted in a friendly proper business-like manner.
MENTIONED IN THIS ARTICLE
Washington
Commercial Solvents Co
Bil- Ve Sel Estes
West
Texas
House
Maynard C. Wheeler
New York Chemical Company
William Leonhardt
Agriculture Department
Eisenhower
Estes
Sstes
New York
Comercial
Wheeler
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