THE CABINET: Surplus-Removal

What is the U. S. to do with its treasury surplus of $300,000,000?, This question, obviously a matter for experts, has now become a morsel for politicians. Congress, either by action or inaction, at its winter session will probably decide the problem. Several schemes loom:

1) President Coolidge suggested a fortnight ago (TIME, Nov. 15) that the surplus be used to make a 10% or 12% refund on income and corporation taxes payable in 1926 for incomes of the calendar year 1925. This would mean that 90% of the income taxpayers would receive refunds...

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