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Tax cut conferees reach agreement on relief bill
Conferees from the House and Senate reached agreement on the tax relief bill delaying final passage but signaling signing by President Reagan within days. The measure lowers withholding in October, with further cuts in 1982 and 1983, and a 30 percent oil tax phased to 15 percent after 1985. The plan faces Senate resistance over oil provisions and depletion allowances.
MENTIONED IN THIS ARTICLE
New York Times
Washington
House
Senate
Reagan
White House
Treasury
Donald T. Regan
James A. Baker
South
Regan
Edwin A. Meese
Edward Kennedy
Mass
Kennedy
Massachusetts
Congress
Fic
Robert Dole
R-Kan