TAXATION: CIashings

The Tax Reduction Bill went into joint conference. The conference committee decided to hold its sessions in secret—no doubt wisely. There were a great many delicate questions to be disposed of. The two provisions, in the Senate version of the bill, which are most irritating to regular Republicans—which are likely to evoke a Presidential veto if they are finally adopted are: 1) the publicity of tax returns and 2) the graduated tax on undistributed profits of corporations. The provisions were inserted by the combination of Democrats and Republican insurgents in the...

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!