TAXATION: The Bill Is Signed

The tax reduction bill of 1926 last week ceased to exist. Instead there came into existence the "Revenue Act of 1926", for the tax reduction bill in the form in which it had been issued by the Joint Conference Committee (TIME, March 1) was transformed into a law without alterations.

There were three brief steps in making the bill into an act of Congress. Mr. Green, the Chairman of the Ways and Means Committee, told the House: "I came back today with the best bill...

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