TAXATION: Hell Raiser

Although the U. S. Senate almost passed a social reform tax bill in late June, although Franklin Roosevelt ordered Congress to stay in Washington as long as was necessary to pass that important measure, although the House Ways & Means Committee three weeks ago completed its tax hearings, not until last week did Congress & country get a first look at the contentious tax rates. After a month's ado about nothing the Ways & Means Committee finally emerged from a brown study with something specific to talk about. It proposed the following:...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on TIME.com

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!