Plan Lighter Tax Load For Low Income Groups
Kennedy tax reform aims to ease the burden on those not sharing in prosperity. The changes raise minimum deductions for singles and couples, expand dependent care limits, and boost the earned income threshold for a working wife, benefiting 13 million filers including the elderly and families with children.
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Tax reform would extend benefits to aged over 61 nationwide
The proposed tax plan would extend new benefits to all people over 61, including 13.5 million low income seniors. It would keep Social Security excluded from taxable income, repeal certain credits, and offer substantial cuts for the elderly. Higher income groups would see smaller relief, with credits phased by income level and changes to dividend taxation. Byrd honored at dinner. Tokyo fast train clocked at 100 mph in tests for a Tokyo-Osaka service.
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