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Newspaper
News
Location
Frederick, Maryland, United States of America
Date
Feb 24, 1965
Page
9
Report notes total taxes withheld by employers and paid into the Treasury were about 700 million dollars more than anticipated, reflecting a stronger than forecast revenue flow. The comment attributed to an official points to higher withholding as a factor shaping fiscal estimates.
Washington AP report notes mounting pressure in Congress to aid taxpayers who owe more than withheld from wages. Bills seek extra time beyond April 15 for deficiencies, with the Ways and Means Committee yet to set hearings. Treasury Secretary Dillon says underwithholding may total 400 to 500 million dollars, not a threat to the economy, as withholding reflects tax rate progressions and recent cuts.
Baltimore City delegates to the Maryland House face pressure from nine leaders of business education and labor to oppose a resolution nullifying the Supreme Court one man one vote ruling. City Council President Thomas D’Alesandro III also wired them urging a switch. The Baltimore Sun editorial opposed the resolution in its Tuesday edition.
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