Word: byrneses
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The President wanted an extension the 10% income tax surcharge as an anti-inflationary measure. He was notably less keen on tax reform at this time. Senate Majority Leader Mike Mansfield warned the President that he could not have the surtax without reform?and managed to impose this view on...
What gave Nixon his confidence was the decision by the House Ways and Means Committee to report out the bill exactly as he had requested-extending the surtax at its present 10% rate for six months and continuing it for another half-year at 5%. The bill also eliminates the...
The bill now goes to the House Rules Committee, which seems likely to grant Mills' request that debate be limited to four hours and that no amendments be allowed. From there, it will go to the full House, where Mills and Byrnes are certain of passage this week. In...
A Lot of Malarkey. A bland, stocky native of Kensett (pop. 905), Democrat Mills, 58, maintains that the tax bill is not languishing in his committee because of his personal opposition. "The Administration," he told TIME Correspondent Neil MacNeil last week, "can have a vote any time. The fact is...
Though Congress initially looked askance at travel taxes, it came around to the realization that some action was needed to stem the outflow of gold and dollars. "We can't cure the balance of payments situation by keeping a few tourists home," said Wisconsin's Congressman John Byrnes...