Tax hike talk fades as Wright proposes targeted levy
Congress rejected raising taxes on the wealthy while demurring a broad rate increase. Rep. Wright urged delaying rate cuts for top earners, suggesting a possible revenue boost up to several billions, but critics warned the plan would cement a pro rich stance. The administration and Treasury opposed any major change, citing a prior tax reform compact.
MENTIONED IN THIS ARTICLE
Reagan
Treasury
Mary James A. Baker III
Wright
Executive Branch
Party Leaders Elected as New Congress Opens
Democrats and Republicans held organizational meetings for the 100th Congress. Rep. William J. Gray Til was re elected chairman of the House Budget Committee. Democrats re elected five chairmen: Rastenkowski Whitten Howard Fascell Pepper. Republicans re elected Guy Vander Jagt as NRCC chairman and Trent Lott appointed Edward Madigan as chief deputy. Mervyn Dymally named chair of the Congressional Black Caucus succeeding Mickey Leland.
MENTIONED IN THIS ARTICLE
Washington
Congress
William J. Gray Til
House
Democratic Caucus
Dan Rastenkowski
Ways and Means
Jamie L. Whitten
D-Miss
Appropriations
James J. Howard
D-N
Public Works
Dante B. Fa
House Republicans
Guy ‘Vander Jagt
Michigan
National Republican Congressional
Trent Latt
Mississippi
Edward Madigan
Illinois
Madigan
Ulinais
Robert H. Michel
Lynn Martin
Congressional Black Caucus
Mervyn Dymally
California
Mickey Leland
Texas
Also Mentioned on This Page
New York Times News Service
Jim Wright
Thomas P O'Neill Jr
UPL Tegonotor
Vladimir Soliov
Christopher Rieley
The
Associated Press
Shoppingtown
Penn Can Mall
Western Lights
Auburn
Cortlandville Mall
Jantzen
Bar Harbor
Winter Harbor
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