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Negative income tax may be reasonable solution in 1975
Washington UPI report outlines a tax plan linking Nixon’s Family Assistance and McGovern’s automatic $1,000 base. The 4,000 to 8,000 dollar income range phases out credits, while low earners gain a 10 percent credit up to 400 dollars.
MENTIONED IN THIS ARTICLE
the Daily Bee
Mon
William Clayton Washington
UPI
Richard M. Nixon
George S. McGovern
Nixon
McGovern
D-S.d
Ford
Charles A. Vanik
Ohio
House Senate
Vanik
Chicago
Milton Friedman
Lyndon Johnson
Office of Economic Opportunity
Johnson