FISCAL: Shriveled Fruit

The Treasury last week reported on the first full month's fruits of the billion-dollar Revenue Act passed amid turmoil by the last session of Congress. As a budget -balancer the new measure was falling far below expectations. August collections for July business showed that where the Treasury had counted on taking in an additional $53,850.000 from higher revenue rates, actual receipts were only $22,186,063.

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