Hutto Calls For Interest Withholding Tax Changes
U S Rep Earl Hutto notes the 1982 Tax Act creates a 10 percent withholding on bank interest and dividends to fund IRS needs. Opponents warn it reduces savings and raises costs for banks and customers while proponents cite revenue goals. Several bills, including H R 15 and H R 196, seek repeal.
MENTIONED IN THIS ARTICLE
Hutto
U.S
Earl Hutto
Reagan Administration
Congress
House
Senate
Internal Revenue Service
IRS
Reagan
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