Senate Okays Cut in Taxes
The Senate approved a broad tax cut package aimed at reducing excise taxes and corporate levies. Key provisions include a phased rollback of a 10 percent auto tax, with remaining rates and timing tied to House action, plus targeted repeals on cigarettes liquor and other highway related items. Debate centered on timing and the bill’s impact on the national debt ceiling.
MENTIONED IN THIS ARTICLE
Senate
HOUSE
Hye
Harry 0. Byrd
D-Va
Frank Lanse
Hb Ohin
John J. Willigins
Lanehe
Tax reform contrasts in House and Senate proposals
The comparison outlines how House and Senate excise tax cuts differ on new car taxes and other goods. It cites House plans cutting to 7 percent temporarily, with several effective dates and potential full elimination, while the Senate would adjust motor vehicle levies and target specific categories.
Car prices and lawmakers clash over savings guidance
Washington reports Rep. Vanik seeks a consumer chart to show how dealers pass savings to buyers while Congress debates reinstating tax relief. In another note, the Economic Development agency approves an $89,445 plant to direct personnel for an anti poverty program in Texas counties Maverick Zavala and Dinema.
MENTIONED IN THIS ARTICLE
Washington
CCM
Tiake
Charles A. Vanik
Das
Vanik
Congress
Thas Wes
Dinema
Maverick
Zavala
Ralph Yarborough
D-Tex
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Wastengton
Yale
Senate House
Congressional
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Resell
T Lang
Dan
Montelice Conntail
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