U S to Tighten License Account Enforcement in Tax Reform
Treasury Secretary Blumenthal said the administration plans a slow step-up of enforcement on license account living as part of comprehensive tax reform. He noted some changes in law will be required, but favors steady measures over sudden shifts to avoid widespread disruption.
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Blumenthal backs caps on corporate tax deductions
Blumenthal says to curb large corporate write offs for entertaining clients, VIP boxes, jets, and other perquisites. He cites high executive rates and hints Carter tax reform will close loopholes to push about 35 to 38 percent for top incomes.
Welfare groups oppose Carter no-cost welfare plan
Twenty eight organizations including labor, religious and civil rights groups joined a letter to President Carter decrying his decision not to spend additional money for welfare and employment programs. They note no hard limit in other policy areas and warn the ceiling would hurt the poor by diverting benefits from some to others.
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