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Tax plan shifts exemptions threaten sales tax outlook
An informal poll shows opposition to a sales tax rising as Congress weighs lowering personal income exemptions. The Ways and Means panel tentatively cuts single and married exemptions, potentially excluding many low income workers from sales tax. Officials project higher rates to balance revenues, while Treasury targets imply a mixed rates outcome. Also reported are a speeding arrest of San Francisco cabbie Cecile Madison and a Colorado Denver track mile won by Murrill Roberts after a sprint by Harold Roberts.
MENTIONED IN THIS ARTICLE
Pat Gton
House
Ways and Means Committee