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Tax hike spending cut plan eyed for Senate approval
Senator John J Williams said the Johnson administration backs a plan to cut federal spending by eight billion dollars to accompany a ten percent tax increase. He predicts Senate approval this week as Mills signals needed spending cuts. Zwicker cites eight billion in 1969 economies.
MENTIONED IN THIS ARTICLE
Washington
UPI
John J. Williams
Johnson
Senate
GOP
Senate Finance Committee
Wilbur Mills
Williams
Arkansas
Mills
House
Ways and Means Committee
Charles J. Zwice
Zwick
Congress
Federal Reserve Board
Willimas
House Senate Conference Committee