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Veto of big tax cut unlikely in current plan
Washington sources say the Ford administration will accept a tax cut bill near 29.2 billion dollars despite concerns over inflation. The Senate Finance Committee expanded the package beyond House action, including home purchase credits and employment incentives. Treasury officials warn the boosts could worsen inflation and spur a sharper 1977 recession.
MENTIONED IN THIS ARTICLE
Washington
Ford Administration
Senate
Congress
Senate Finance Committee
House of Representatives
Treasury
William Simon
Finance Committee
House
Senate Finance Com
Mittee
Russell Long
D-La
Long