Turning to Canada, the House Ways & Means Committee last week borrowed a big backlog for its new revenue bill. Rolled in for the committee's private inspection was a 2% tax on manufacturers' sales which, it was estimated, would net the Treasury an extra $600,000,000 per year. Before this piece of tax timber could be put officially into the bill, certain exemptions had to be whittled out and administrative provisions chopped in. But committeemen, Republicans and Democrats alike, were so enthusiastic about this imported levy, even in the rough, that they declared...
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