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Tax overhaul not dead says Rostenkowski
House Ways and Means Chairman Dan Rostenkowski said the tax overhaul is not dead despite a slow start. The panel advanced proposals including ending corporate tax exemptions on dividends to individuals, partial corporate deductions for dividends, tighter trust fund rules, and limits on 401 plans, with a possible higher top individual rate than 35 percent. Senate action remains uncertain as the panel aims to present a bill before recess, while lawmakers balance high tax state opposition and President Reagan's demand for reform.
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Washington — House
Ways and Means Committee
Dan Rostenkowski
DII
Rostenkowski
Tdanthete Als
Rostenkolwei
House
Senate
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Treasury