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Debt Limit May Shape Demo Tax Reform Efforts
Senators Bayh Kennedy Muskie and Nelson plan amendments to the debt limit bill to raise about 1 billion annually, aiming to spur tax reform this year. They seek to repeal accelerated depreciation and strengthen the 1969 minimum tax, arguing current rules fail to raise expected revenue.
MENTIONED IN THIS ARTICLE
Birch Bayh
Indiana
Edward M. Kennedy
Massachusetts
Edmund S. Muskie
Maine
Gaylord Nelson
Wisconsin
Wilbur D. Mills
Ways and Means
Mills
Nixon
House
Senate Finance Committee
Sen
Hubert H. Humphrey
Congress