Word: roth
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...William V. Roth (R-Del.), who with Rep. Jack F. Kemp (R-N.Y.) wrote the bill, called it overdue tax relief for working Americans...
...Roth and his backers contended the tax cut would be such an effective stimulant for the economy that it would produce more new tax revenue than it would cost...
...Roth-Kemp tax-cut plan, which Republicans want to sell as a major issue for the November elections, was rejected Monday by the Senate Finance Committee as a prescription for future inflation...
...contrast, the Roth-Kemp measure would make one cut in 1979, another in 1980 and a third...
...family of four whose income is worth $20,000 at today's levels has seen its effective federal income-tax rate rise from 12.4 per cent in 1968 to 16.2 per cent today, Roth said. And by 1983, if current trends continue and the family continues to receive pay increases to match inflation, the tax bite will climb to 20.2 per cent, he added...