TAXATION: Luxury Levy?

With the 72nd Congress imminent, the nation's $600,000,000 deficit growing larger and tax collections smaller, Assistant Secretary of the Treasury Ogden Mills and his corps are bestirring themselves to find new means of bringing more and badly-needed cash into the national till. Last week the White House let it be known that "a scheme for selective sales taxes is being considered officially." What this means is that President Hoover may propose to Congress a luxury tax. It also indicates that Treasury and President have decided that the extra billion dollars cannot...

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