Small Business First in Line For Tax Slice
President Kennedy proposes a staged tax cut starting with small businesses earning 25 000 dollars or less, effective now, followed by individuals on July 1 and broader business relief next year. Corporate rates would drop on the first 25 000 dollars of income to 22 percent while higher brackets stay at 52 percent.
MENTIONED IN THIS ARTICLE
Sam Dawson
AP Business News
NEW York
Kennedy
Congress
Treasury
Youth robs presidential aide's wife at Capitol Hill home
Mrs. Hays, 65, sewing in a second floor room, was threatened with a scissors by a youth who entered Brooks Hays's Capitol Hill home. He demanded money, stole $10 to $12 from church envelopes, and fled as her husband returned from Blacksburg. Hays is a Democratic former Arkansas congressman.
MENTIONED IN THIS ARTICLE
Washington
Capitol Hill
Brooks Hays
House
Arkanas
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