HUSBANDRY: Tobacco Tax

To the Federal Farm Board, tobacco is an agricultural product worthy of relief. To the Treasury, tobacco is a highly valuable tax-producing commodity which brings in some 434 millions, or one-eighth of all U. S. internal revenue. Last week, Treasury and Farm Board braced themselves for a tug-of-war over the tobacco tax.

First tug was given by James Clifton Stone, vice-chairman of the Federal Farm Board. From Kentucky, he represents tobacco growers on the Board. His proposal: a 50% reduction in all U. S. tobacco taxes. At the Capitol Senator Alben William...

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