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Baker doubts tax plan would cost middle class more
Treasury Secretary James A. Baker III questions estimates that many middle income families would pay more under Reagan tax reform. He cites exaggerated state itemized deductions and notes some families could see tax cuts rather than increases. He asserts reform will mostly lower taxes for 79 percent while 21 percent pay more, urging persistence toward reform for long term gains.
MENTIONED IN THIS ARTICLE
Baker
Washington
Treasury
James A. Baker III
Reagan
Bob Packwood
R-Cre
Senate Finance Committee
Oregon Department of Revenue
Packwood
Treasury Department
Oregon