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Tax Cut By Giving Increase In Exemptions
Washington April 23 chairman Millikin of the Senate Finance Committee said he did not believe his group would vote to cut income taxes by increasing top earners personal exemptions. The amendment would raise exemptions from 600 to 800 this year and 7000 in 1955, aiming for an annual reduction in the tax. The administration opposes the proposal but the committee will meet behind closed doors to revise the bill after three weeks of hearings with 125 witnesses.
MENTIONED IN THIS ARTICLE
Washington
Charman Millikin
Cole
Senate Finance Committee
Das
George D-Gai
Yena'ars Rhett Ohla
Frear Delare
Senate
Chaiman
AIC Ter Essals Milthit