On the Whole, Good: Revenues & Reform In The Tax Bill

Dale, Edwin L.
January 1970
New Republic;1/3/70, Vol. 162 Issue 1, p12
Focuses on the economic policies of the U.S. in the wake of proposed tax bill in the United States. Questions over the viability of the tax bill in making the system fairer and equitable; Issues over whether the bill gives away too much revenue; Views that the tax bill is fairer; Views that the proposed tax reduction amounts to very little for a single family but comes to billions for government revenues; Demands for the repeal of the business investment tax credit by the U.S. President Richard Nixon; Loss of revenue of the order of $8 billion; Views that there will be no tax, direct or indirect, on the interest on municipal bonds; Outline of the major initiatives in the stock markets and capital gains, oil and gas, real estate, charitable contributions, financial institutions, foundations and minimum tax.


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