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Critics Question Timing of Excise Tax Cuts
Washington debate on 4.8 billion excise tax reductions questions whether continuous tax cuts harm the economy. Howard C. Petersen testifies to the Senate subcommittee on national security and international operations, urging restraint while acknowledging past benefits of 1962 and 1964 cuts. Petersen warns ongoing cuts could delay sustainable growth and cause instability.
MENTIONED IN THIS ARTICLE
Washington
Howard C. Petersen
Defense
State
Treasury Departments
Petersen
Senate
Subcommittee On
National Security and International
Henry M. Jackson
D-Wash
Jackson
U.S. Chamber of Commerce
Congress