Hilton Hotels bill highlights special tax loophole concerns
The Ways and Means Committee backed H R 7628a shaping a tax break for Hilton Hotels on profits from government forced sales, despite Justice Department and Treasury opposition. The measure, pushed as a technical revision, faces scrutiny for favoring a big company and weakening anti trust enforcement, with broader warnings about similar bills.
MENTIONED IN THIS ARTICLE
Washington
House
Ways and Means
Congress
Hilton Hotels Corp
Hilton Hotels
Justice Department
Treasury
Noah H. Mason
Ill
Mason's
The
Ways and Means Committee
Senate
Two Lawmakers Fear Tax System Collapse
Washington report quotes Rep. Wilbur Mills and Rep. Thomas Curtis warning that the federal income tax system is endangered by benefits, preferences, and loopholes. Both urge serious, large-scale tax reform as the Revenue Code erodes daily.
MENTIONED IN THIS ARTICLE
Washington
Congress
Wilbur D. Mills
D., Ark
Ways and Means
Thomas B. Curtis
GOP
Incoming Weeks How Much Income Escapes Taxes
Questions how much income escapes taxation and notes relief from Congress for taxpayers caught in tax law complexities. Mentions The Cannon Foundation bill as not harmful and references quick relief through Congress. Distributed by United Feature Syndicate, Inc.
MENTIONED IN THIS ARTICLE
Singer Sewing Machine
U.S
Singer Sewing Machine Co
U. S
Congress
Cannon Foundation
Clarence Cannon
House Appropriations Committee
Cannon
the Revenue Service
T. Coleman Andrews
Internal Revenue Commissioner
The
Revenue Service
Andrews
United Feature Syndicate, Inc
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RCA
Procter & Gamble
Congressional
Senate Finance Committee
America
London
Tufide
Watt Office Supply
Warren, PA
Swanson’s Watch Shop
West Warren
Warren and Vicinity
East Side Sandwich Shop
Pa. Ave
Penn Restaurant
State Dinor
Warren
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Irvine
Radia
Cunninghame
Warren - Tidioute Road
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