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Tax surcharge debate spurs bill to fund war effort
Rep. Henry S. Reuss proposes extending the corporate tax component of the 5 percent surcharge beyond the June 30 expiration while individual rates end as scheduled. The measure aims to finance wartime costs until combat ends, potentially easing the budget deficit and supporting economic goals ahead of the 1970 elections. Austin census figures show rapid growth, with 246,799 residents preliminarily, and county gains driving central Texas population up from 1960 figures.
MENTIONED IN THIS ARTICLE
Washington
U.S
Southeast Asia
Henry S. Reuss
D-Wis
Congress
John Q. Taxpayer