TAXATION: Back to Privacy

Soon after Congress met last January, blue-blooded Representative Robert Low Bacon of Long Island introduced in the House a bill for repeal of the income tax publicity ("pink slip") clause of the 1934 Revenue Act. Wiseacres dismissed it as a footling political gesture, aimed solely to show J. P. Morgan, Mrs. Harry Payne Whitney, Ogden L. Mills, William Averell Harriman and other members of Republican Bacon's ultra-rich constituency that his heart was in the right place.

Towering, robust Congressman Bacon, son of the late Ambassador to France, pulled a potent oar on Harvard's...

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