That taxes will again be reduced next fall seems at the present time a practical certainty ; and, foreseeing the reduction, the Administration, last week, began a drive (which will probably continue all summer) to get the kind of tax reduction that it wants.
The two chief points on the Administration's program are :
1) Reduction of surtaxes, a reduction that will take them down to 25% maximum.
2) Reduction of Federal estate taxes far below their present 40% maximum.
This is the approximate aim. The program may well be submitted on a...
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