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Mills vows tax reform passage by August
Washington report notes House Ways and Means Chair Wilbur Mills pledged rapid action on a sweeping reform bill that would surpass President Nixon's plan. He supported curbing the investment tax credit, cutting the 10 percent surcharge, and adjusting the oil depletion allowance while signaling potential broader eliminations of deductions and lower rates.
MENTIONED IN THIS ARTICLE
Washington
UPI
Wilbur D. Mills
House
Ways and Means Committee
Nixon
Mills
Charles E. Walker
Treasury
Edwin S. Cohen
Arkansas Democrat