TITLE

Tax Blitz

PUB. DATE
July 1978
SOURCE
New Republic;7/22/78, Vol. 179 Issue 4, preceding p5
SOURCE TYPE
Periodical
DOC. TYPE
Editorial
ABSTRACT
Presents information on the tax bill introduced by Senator William Roth of Delaware and Representative Jack Kemp of New York which is supposed to lower income and corporate taxes. Possibility of a recession in the U.S. economy; Attempt to fight inflation by balancing the budget; Focus on Proposition 13 which gave nearly two-thirds of the tax savings to corporations and big property owners; Opinion of economics professor Arthur Laffer that cuts in tax rates may mean enlarged revenues; View that an unmodified Kemp-Roth program would produce a huge surge in demand that would overwhelm supply capacity and soon generate soaring deficits and roaring inflation.
ACCESSION #
15524070

 

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