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Mills and Mansfield seek review of tax loopholes
In Washington UPI Mills D Ark and Senate Democrat Mansfield introduced legislation to force a three group review ending 34 major tax exemptions by 1976. The bill targets oil depletion, charitable deductions, and other benefits, aiming to hold hearings and determine which provisions should stay. Treasury cautioned about economic disruption and urged careful study.
MENTIONED IN THIS ARTICLE
Mills
Congress
Treasury
Henry 8. Ross
D. Wis
Reuss
Mills’ Committee
House
Nixon
Senate
Mansfield