New York, Feb. 23—Pete Domenici? Howard Baker? gerald ford? What do these fine gentlemen have in common, as revealed during the past three days?
Senator Domenici is the chairman of the Senate Budget Committee, and he expressed himself as pleased with certain proposals made by Dan Rostenkowski, chairman of the House Ways and Means Committee. The idea is to collect more tax money in order to pay for the measures Congress has enacted. On Rostenkowski’s list of things todoisto repeal the measure that, beginning in 1985, would provide for indexation of the tax exemption, the tax threshold, and the tax brackets. Senator Baker is quoted as agreeing with this proposal. And two days later, participating in a publicpolicy seminar at the Ford Library in Ann Arbor along with Jimmy Carter, Mr. Ford said that he also believes in repealing the indexation provision. [See “Stealth Tax,” p. 306, which explains the media’s opposition to indexing.]
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