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Democrats seek cap on summer tax cuts in June
Democratic leaders in the House and Senate push a June bill to cap the 10 percent personal income tax cut set for July 1. They aim to limit benefits to high earners, raising about $6.2 billion in 1984 while preserving relief for those earning under about $50,000. President Reagan opposes any tax increases. Senate and House leaders vow timely action.
MENTIONED IN THIS ARTICLE
Washington
House
Senate
Reagan
Congress
Thomas P. O'Neill Jr
D-Mass
Robert C. Byrd
West Virginia
American Medical
American Medical ” Bible