TAXATION: Last Stage of All

The Tax Reduction Bill lay in the hands of the President. His political advisers in Congress openly advised and expected him to sign. It was believed that Secretary Mellon had submitted a report on the bill simply showing its effects but making no definite recommendations for signing or vetoing it.

To be sure, the President had intimated strongly that no bill except the Mellon plan would be acceptable to him. But with a different bill in his hands and the end of the Congressional session approaching he was forced...

Want the full story?

Subscribe Now


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

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!