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Income Tax Cuts Urged by Sec Hodges to Stimulate Economy
Sec Hodges urged income tax cuts as part of a tax overhaul to spur investment and quicken relief this year. He argued a smaller write off for facilities and lower margins could boost business activity, while Dillon warned against broad cuts before September. The discussion tied to stock market declines and the administration's plan to review the economy at ongoing meetings with Kennedy and economic advisers.
MENTIONED IN THIS ARTICLE
Sec
Hodges
Finance Committee
Senate
Hubert H. Humphrey
Congress
Wall Street
Dillon
White House
Colt
Treasury
Kennedy
John McCormack