Congress was last week asked to pass a measure allowing corporations to deduct from their income tax all sums which they give for charitable, social-welfare or unemployment-relief purposes. Individuals already have this exemption. Corporations heretofore have been forbidden it. They pay a flat 12% income tax, whereas individuals pay up to 25%. If Congress passes the bill, a likely thing, it will be the greatest boost organized charity has received for a long time. For, although Chairman Hawley of the House Ways & Means Committee...
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