Senate Finance Panel Charts Tax Cuts Path
The Senate Finance committee plans to approve a Republican tax cut package after eight days of hearings. The plan includes a $100 personal exemption increase and extends the spousal property benefit, with possible total reductions around $4.7 billion. Democrats show potential support for lower figures, though a target near $3.1 billion is also discussed.
MENTIONED IN THIS ARTICLE
Washington
Senate Finance Committee
Bend
Les Walter F. George
Scott W. Lucas
Harry
F. Byrd
Be¢uin C. Johnson
Colo. George
Policls
Jan L
House bill seeks broad percentage tax reductions
The House advances a measure proposing cuts ranging from zero to ten percent across specified taxes. The proposal targets revenue reductions over a broad set of items, with details indicating staged percentages and affected areas under consideration.
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