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Inflation Tax Debate Shapes Johnson Plan
Johnson administration argues a 10 percent surtax on individuals and corporations is preferable to inflation eroding purchasing power. The Ways and Means Committee in Congress weighs a deficit near 30 billion, inflation risks, and political resistance, while Mills remains uncommitted but wary.
MENTIONED IN THIS ARTICLE
Washington
Johnson
Congress
Grimly
Astile
Treasury
Henry H. Fowler
Charles L. Schultze
Gardner Ackley
Council of Comic Advisers
House Ways and Means
House Democrats
Wilbur D. Mills
D.ark
Ways and Means Committee
Mills
Fowler
Sen
Thruston B
Morton
R Ky
New York State
ABC
Metromedia