Last week a working subcommittee of six sat down to transact the most important business to come before the House Ways & Means Committee in 1936. On the table before them lay President Roosevelt's tax recommendations (TIME, March 9). In chairs before them were Treasury experts to answer questions. The subcommittee's job was to whip out a tax bill which would give the appearance of balancing the President's regular budget and thereby deflate Republican campaign charges of reckless Democratic spending.
The President asked for about $620,000,000 annual revenue to finance AAA's...
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