[ No headline ]

The White House has rejected a proposal by House Speaker Thomas P. O'Neill Jr. to limit July's income tax cut to $700 a taxpayer. Mr. O'Neill said the plan would help to hold down the federal deficit, but a White House spokesman said President Reagan will veto any bill raising taxes.

of 5 stories this month > Get unlimited stories
You've read 5 of 5 free stories

Only $1 for your first month.

Get unlimited Monitor journalism.