The Nation - News from April 2, 1985

A group of House Democrats, answering what they say is a cry for fairness from across the country, proposed raising income taxes at least $15 billion per year--but only for corporations and the rich. “This is truly a Democratic plan, with a capital D,” said Rep. Charles E. Schumer (D-N.Y.). Schumer is the sponsor of a bill that would toughen the way corporations and individuals compute their adjusted gross income and would impose a 25% minimum tax on those with adjusted incomes of more than $100,000.