Nation: You Can Almost Start Spending It Now

There had long since ceased to be any doubt that the Senate would pass the tax cut. What continued to fret the Johnson Administration was the possibility that the bill would be so amended as to make it ineffectual as a spur to the U.S. economy.

Such is the vast, inequitable, loopholed tangle of the U.S. tax structure that almost every Senator (and, for that matter, almost every citizen) has his own ideas about how it should be changed. Thus dozens of Senators were waiting with amendments to the tax bill as already passed...