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Treasury shifts on tax bill pressure widens opposition
Treasury officials told Senate Finance Committee they oppose 13 narrow-interest provisions it had backed and oppose one it had opposed, as hearings conclude on 73 targeted items. The Mondale backed face-amount certificate provision faces treasury opposition for inconsistent treatment with similar investments. The measure also broadens cuts and tax changes for individuals, corporations, estates, and oil industry.
MENTIONED IN THIS ARTICLE
Times
Washington
Treasury Department
Senate Finance Committee
The
Treasury
Russell B. Long
Louisiana
Finance Committee
Long
Senate
Walter F. Mondale
Minnesota
Mondale
Investors Diversified Services, Inc
Minneapolis