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bill. This information has even been included in a publication supposedly for use by sophisicated taxmen and businessmen. I refer to the Kiplinger Tax Letter of September 20, 1963. In this newsletter, the following appears:

The maneuvering over the tax bill is reaching fever pitch here. Most of the concern is over what will happen when it gets to Senate. House approval within the next few days is pretty much taken for granted. Republicans are not expected to succeed in getting the bill sent back to the Ways and Means Committee, which would assure a quiet death for it.

I am indeed surprised that the business community will pay for this type of reporting. As we all know, passage of a motion to recommit with instructions does not "kill" a bill. Under such circumstances the bill is not sent back to committee. To the contrary, it is passed on the floor with the changes as proposed in the recommittal motion at the conclusion of debate.

It would appear to me that anyone purporting to give an accurate accounting of the legislative process would be familiar with this vital fact. Therefore, I can only assume that such misinformation is being generated specifically to

create panic and fear with regard to the ultimate passage of the tax bill. Such misinformation undoubtedly could encourage some to oppose my motion to recommit because of their strong desire for a tax reduction. I, too, want a tax reduction and I am not proposing this motion to kill the bill.

I am proposing this motion because I feel that it is incumbent on us to impose some positive restraint on spending if we are to enact a tax cut in the amount of $11 billion. If I wanted to kill the bill, as the Kiplinger Tax Letter seems to feel is my intent, I would not be offering a motion to recommit, which in my opinion will make it a better bill, but instead I would be urging my colleagues to simply vote against the bill on final passage. This I am not doing. In fact, when I appeared before the Rules Committee in their public hearings on this bill, I expressly stated that if the recommittal motion passed, I would take the floor and strongly urge passage of the bill.

I do not feel that the Congress or the American people should tolerate this type of news reporting. If there are those in the news field who are opposed to spending control, let them come out and so state.

SECTION 12

SUMMARY OF BILL AS PASSED BY THE
U.S. HOUSE OF REPRESENTATIVES

1627

69-108 0-66-pt. 216

SUMMARY OF H.R. 8363, THE REVENUE ACT OF 1963, AS PASSED BY THE U.S. HOUSE OF REPRESENTATIVES

PART A

REDUCTION OF INCOME TAX RATES
AND RELATED AMENDMENTS

PREPARED FOR THE USE OF

THE COMMITTEE ON FINANCE
OF THE U.S. SENATE

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