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Divided panel to start work on Reagan tax overhaul
The House Ways and Means Committee plans to begin drafting a tax overhaul this week as it weighs Reagan's 461 page proposal. Key issues include minimum top rate, personal exemptions, deductions, and the fate of the state tax deduction, mortgage interest, and two earner couple benefits. The panel, split along party lines, aims to balance reform with political viability through October.
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Washington
House
Ways and Means
Reagan
Congress
Dan Rostenkowski
Dill
Chaiman
Rostenkowski