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Congress Studies Defense Tax Cut And Vinson Trammell Repeal
Congress weighs a broad tax cut this year with swift action likely on suspending the Vinson Trammell excess profits tax for defense contractors. Hearings set for June 16 follow Senate approval, as lawmakers debate repeal amid rising defense spending and industry lobbying.
MENTIONED IN THIS ARTICLE
Peter J. Bernstein
Newhouse
Washington
Congress
House
Armed Services
Senate
Armed Services Committee
Defense Department
Defense
Pentagon
Internal Revenue Service
Vinson-Trammell
Rep
Samuel 8. Stratton
D-N-Y
Armed Services Procurement and Military Nuclear Systems Subcommittee
Stratton