Blumenthal explains higher expense account enforcement plan
Treasury Secretary W Michael Blumenthal says the administration will tighten enforcement of expense accounts as part of broader tax reform. He describes a gradual approach under existing law with possible changes in law, aiming to curb lavish spending without abrupt policy shifts.
MENTIONED IN THIS ARTICLE
Washington
Treasury
W. Michael Blumenthal
Thedday
Blumenthal
Boston Mara
Blumenthal backs limits on corporate tax deductions
Blumenthal, former Bendix Corp. chair, urges dollar limits on tax deductions for entertaining clients and corporate perks. He aims to curb write offs for VIP boxes, executive cars, and other perks, while noting his own high tax rate and lack of shelters. He cites Carter plan goals to simplify returns, tax broader income sources, and cut loopholes to raise effective rates.
MENTIONED IN THIS ARTICLE
Blumenthal
Bendix Corp
America
New York
Forest Hills
Uncle Sam
Coalition letter blasts Carter welfare ceiling plan
Twenty eight groups including major labor, religious and civil rights organizations urge President Carter to fund welfare and employment programs above a proposed no additional cost limit. They argue the plan would shift benefits away from some of the poorest and imply no fixed cap across other policy areas.
MENTIONED IN THIS ARTICLE
Washington
Carter
Congress
White House
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Jerome Cahill Knight
News Service
Press-Telegram
Ch. Gali
U.S
Bendix
Nazi Germany
Michael Blumentilal
New York Times Service
Los Angeles
Orange
Neyhrough
Riverside
San Bernardino
Ventura Counties
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