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Mills Warns Tax Surtax May Need Extension to Curb Inflation
Rep. Wilbur D. Mills of Arkansas said extending the 10 percent surtax beyond its June 4 1969 expiration may be necessary to curb inflation and keep government revenue in line with spending. He warned further budget cuts might be required and cautioned against relying on tax reform to raise net revenue.
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Wilbur D. Wills
Mills
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American Institute of Certified Public Accountants
Congress
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