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...

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