TAXATION: H.R. 1

H. R. 1

All the thousands of bills thrown into the hoppers of Congress are numbered and initialed: "H. R.*1, 2, 3, ... 5359," etc.; "S.† 1, 2, 3, 4, . . . 2917," etc. The honor of being "H. R. 1" this year went to the tax reduction bill. And many other honors were last week heaped upon H. R. 1. Five days had been spent in general debate. Five days were given last week to detailed consideration and amending. Then the bill was passed.

Not only was...