BUSINESS GROUP FAVORS TAX CUT WITHOUT REFORM; The Committee for Economic Development Emphasizes Need for Promptness 1963 GOAL IS 6 BILLION Kennedy Said to Agree to Postponing Revision of System for a Year Favor Delay on Reforms Speed Is Called Vital BUSINESS GROUP FAVORS TAX CUT
CED, in statement prepared by T O Yntema, urges Cong set aside reforms in favor of prompt cut; proposes $4-billion cut in personal taxes and $2 billion for corps as of Jan 1; cuts without reforms also backed by Sen Humphrey and Repr Boggs; Budget Dir Gordon says Adm still favors cut-reform pkg and plans to hold spending below increased revenue rate