Huge, historic tax cut on its way to Reagan
Congress completed action on President Reagan's historic economic program as the House of Representatives passed and sent to the White House his three-year, 25 percent tax cut.
The measure, approved on a 282-to- 95 vote, will cut individual and business taxes by a record $749 billion through 1986. Senate approval of the tax bill came Monday. House Democratic liberals unsuccessfully tried to sidetrack the measure at the last minute through a parliamentary move as a protest against the bill's tax reductions for the oil industry.The final bill could be on Mr. Reagan's desk for signature t oday (Aug. 5).