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Indexing income taxes as a fix for inflation debate grows
Washington reports that Congress eyes indexing income tax brackets exemptions and zero brackets to offset inflation. Senate Finance agrees with President Reagan on indexing starting 1985, while concerns arise about revenue losses and the broader cost of indexed benefits across Social Security, veterans, and other programs.
MENTIONED IN THIS ARTICLE
Newhouse
Washington
Congress
Senate Finance Committee
Senate
Reagan
Robert Dole
R-Kan
Finance Committee
Dan Throop Smith
Hoover Institution
Stanford University
United States
Defense
State Department
Alice Rivlin
Congressional Budget Office
Treasury