The Nation : Packwood Likes Tax Idea

Senate Finance Committee Chairman Bob Packwood, giving a boost to efforts to craft a final tax reform bill, said in an interview with the Portland Oregonian that he could accept a House idea of raising business taxes to help the middle class. Packwood (R-Ore.), who will lead Senate forces in the conference committee that will write a compromise tax overhaul measure, said the recent proposal from House Ways and Means Chairman Dan Rostenkowski (D-Ill.) was “a good agreement.” Rostenkowski had said that he would be willing to accept the lower tax rates in the Senate tax reform bill if the Senate would agree to boost corporate taxes to help the middle class.