TITLE

A Bad Tax Bill

PUB. DATE
July 1941
SOURCE
New Republic;7/14/41, Vol. 105 Issue 2, p39
SOURCE TYPE
Periodical
DOC. TYPE
Editorial
ABSTRACT
Focuses on the new tax bill, drafted by the U.S. Congress House Ways and Means Committee to increase tax receipts, in accordance with suggestion by the Secretary of the Treasury. Plans for the defense expenditure in the coming fiscal year; Criticism on apportionment of the revenue among the various kinds of sources; Defect in the revision of the excess-profits tax; Recommendation for changes in the tax rate by the Committee; Introduction of a concession that normal income taxes are no longer to be deductible in reckoning excess profits.
ACCESSION #
14710090

 

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