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Budget Cut Before Tax Slice Urged
Washington reports that Congress faces a clash between cutting spending before tax cuts. Rep. Reed urges a phased tax reduction totaling about 11 percent over two years, while Bridges Byrd and Taber press for spending cuts first to balance the budget. They warn debt and deficits limit tax relief.
MENTIONED IN THIS ARTICLE
Washington
Daniel A. Reed
Congress
Reed
House
Wars and Means
Bridges
Senate Appropriations Committee
Byrd
Senate Finance Committee
Taber
House Appropriations Committee
Washington Report
U. S. Chamber of Commerce
Eisenhower
Jidges
White House
Defense Department