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Reagan Signals Tax Hikes In Budget Shift Amid Deficit
President Reagan weighs higher excise taxes on cigarettes and alcohol as deficits loom past $100 billion for 1983. Stockman outlines $30 to $33 billion in proposed spending cuts while defense remains capped at $13 billion. Administration insists no broad tax increases yet, though openness grows.
MENTIONED IN THIS ARTICLE
David Espo
Associated Press
Washington
Reagan
Congress
David A. Stockman
Senate
Administration
Congressional