Tax crackdown nears approval in Senate debate
In Washington the Senate moves toward approving a plan to require a minimum tax on wealthy individuals and corporations. The Finance Committee backed the measure, with liberals seeking larger raises and broader application. Debates center on tightening tax shelters used by high income investors and potential impacts on farming real estate, equipment leasing, and the construction industry.
MENTIONED IN THIS ARTICLE
Washington
Senate
Senate Finance Committee
Finance Committee
Edward Kennedy
D-Mass
Lloyd Bentsen
D-Tex
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