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Tax Cut Drive Fails in Senate Amid Party Split
Senate rejects George amendment 49 to 46 as Democrats and some Republicans oppose a higher personal income tax exemption. GOP counters fail to gain traction with a targeted $20 credit that excludes families with dependents. House-Senate differences push measure to conference while potential stock-dividend relief lingers. Johnson leads Democrats in the floor battle with Kerr Humphrey and Clements backing the effort.
MENTIONED IN THIS ARTICLE
Washington
GOP
House
Senate
Lyndon Johnson
Tex
George
Kerr
Okla
Humphrey
Minn
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