The Nation - News from May 23, 1986

The U.S. Chamber of Commerce endorsed the tax overhaul plan written by the Senate Finance Committee but pledged to try to “fine-tune” the bill before it becomes law. “Although the bill is not perfect, the chamber believes that, on balance, it will have a positive effect on long-term economic growth and job creation,” chamber President Richard Lesher said. Several major corporations and trade associations endorsed the plan, which the Senate will begin to debate in early June. Most organizations have vowed to oppose amendments.