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Lawmakers debate taxes and tariffs amid budget clash
Senate and House leaders wrestle with an excise tax bill and a proposed tourist tax linked to the balance of payments. Senator Mundt would seek a 20 percent extra tax on U.S. firms with Communist nation ties. The chamber also passed textile import quotas and a ruling on nonprofit advertising in publications.
MENTIONED IN THIS ARTICLE
Johnson
Wilbur D. Mills
D-Ark
Johnson’s
Hemisphere
Alnet
John
J. Williams
R-Del
House
Senate
Karl E. Mundt
R-S.d
U.S
North Vietnam
Ernest F. Hollings
D-S.c
Capitol Hill
George Murphy
Calif
Treasury