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Reagan tax bill faces White House review and GOP split
Washington AP report notes Reagan aides study a House Ways and Means tax bill after last minute changes. Regan cautions acceptance while lawmakers, including Ro sten kowski and Duncan, press for bipartisan support. The plan would cut individual taxes, preserve revenue, and curb powerful investors, with a top rate around 38 percent and capital gains at 22 percent.
MENTIONED IN THIS ARTICLE
Washington
House
Ways and Means Committee
White House
Donald T. Regan
Repgan Rostenkowski
Dill
Reagan
John J. Duncan
Tennessee
Committee
Rostenkowski
GOP
Senate
Bob Packwood
R-Ore